The Tulchan Group sold


Retail business, The Tulchan Group which trades through its divisions ‘Sock Shop’ and ‘Jumpers’, has been sold to Harris Watson Holdings plc – the privately owned group that owns Lyle & Scott, Viyella, Alan Paine Knitwear and Sunderland of Scotland – for an undisclosed sum. Advising The Tulchan Group were the Manchester team at Clearwater International. With a £30 million turnover the Tulchan Group is headquartered in Cowan Bridge in the Lake District and employs over 800 staff.

“The shareholders are achieving their exit strategy whilst Harris Watson, who have a number of investments in clothing and knitwear, increases its brand portfolio with two very well known high street names. It’s a natural fit.”

Michael Reeves, CEO, Clearwater International