Tie Rack is a British-based tie retailer that sells scarves, cufflinks, and many other items of clothing. The stores are often small due to the nature of the product, and as such, are found in airports, railway stations, and shopping centres across the world.
Tie Rack was founded in August 1981 by Roy Bishko. The first store opened in London at 91 Oxford Street; it was converted from a heel bar owned by Bishko from which he had trialled selling ties.
The first airport store opened at Glasgow Airport in 1984 and the current flagship store is located at 295 Oxford Street opposite John Lewis. There are now over 330 stores in 24 countries.
After a phase of consolidation, Tie Rack started to expand again in 2008/09. In July 2009 they had about 260 shops in 26 countries, there of about 190 shops in at least 14 countries of the EU with more than 1.500 employees.
In 1999, the chain store was bought by Frangi SpA Group, and has since benefitted from this buyout by being able to sell products under the Frangi brand. In 2007 Fingen Group, Firenze, Italy got the hold of the majority stake.
Read more about Tie Rack: Trading Fascias, Rolling Luggage, Tumi, Genesis Colors Pvt Ltd, Endorsees
Famous quotes containing the words tie and/or rack:
“Nations have lost their old omnipotence; the patriotic tie does not hold. Nations are getting obsolete, we go and live where we will.”
—Ralph Waldo Emerson (1803–1882)
“Vex not his ghost. O, let him pass; he hates him
That would upon the rack of this tough world
Stretch him out longer.”
—William Shakespeare (1564–1616)