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About: Drapery Trust     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Organisation, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingcompanyschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseorganisation New Facet based on Instances of this Class

Drapery Trust was formed in 1925 by Clarence Hatry, a notorious British Financier. He had made his fortune in speculating on oil stocks, and had convinced investors to promote department stores and bring them under the management of a retail conglomerate. The business grew with a number of acquisitions: The business was acquired by Debenhams in 1927. In the 1970s it was decided to bring all the business under one brand, and so the stores of the Drapery Trust were either converted into Debenhams, or were closed.