Drapery Trust was formed in 1925 by

Clarence Hatry Clarence Charles Hatry (16 December 1888 – 10 June 1965) was an English company promoter, financier, bankrupt, bookseller and publisher. The fall of the Hatry group in September 1929, which had been worth about £24 million (), is cited as a co ...

, 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: *Bon Marche (

Gloucester Gloucester ( ) is a cathedral city and the county town of Gloucestershire in the South West of England. Gloucester lies on the River Severn, between the Cotswolds to the east and the Forest of Dean to the west, east of Monmouth and east ...

) * Swan & Edgar ( Piccadilly Circus) 1927 * Bobby & Co.(

Margate Margate is a seaside resort, seaside town on the north coast of Kent in south-east England. The town is estimated to be 1.5 miles long, north-east of Canterbury and includes Cliftonville, Garlinge, Palm Bay, UK, Palm Bay and Westbrook, Kent, ...

Cliftonville Cliftonville is a coastal area of the town of Margate, situated to the east of the main town, in the Thanet district of Kent, South East England, United Kingdom. It also contains the area known as Palm Bay. The original Palm Bay estate was ...

Folkestone Folkestone ( ) is a port town on the English Channel, in Kent, south-east England. The town lies on the southern edge of the North Downs at a valley between two cliffs. It was an important harbour and shipping port for most of the 19th and 20t ...

Eastbourne Eastbourne () is a town and seaside resort in East Sussex, on the south coast of England, east of Brighton and south of London. Eastbourne is immediately east of Beachy Head, the highest chalk sea cliff in Great Britain and part of the la ...

Bournemouth Bournemouth () is a coastal resort town in the Bournemouth, Christchurch and Poole council area of Dorset, England. At the 2011 census, the town had a population of 183,491, making it the largest town in Dorset. It is situated on the Southern ...

Exeter Exeter () is a city in Devon, South West England. It is situated on the River Exe, approximately northeast of Plymouth and southwest of Bristol. In Roman Britain, Exeter was established as the base of Legio II Augusta under the personal comm ...

Southport Southport is a seaside town in the Metropolitan Borough of Sefton in Merseyside, England. At the 2001 census, it had a population of 90,336, making it the eleventh most populous settlement in North West England. Southport lies on the Irish ...

Leamington Spa Royal Leamington Spa, commonly known as Leamington Spa or simply Leamington (), is a spa town and civil parish in Warwickshire, England. Originally a small village called Leamington Priors, it grew into a spa town in the 18th century following ...

Torquay Torquay ( ) is a seaside town in Devon, England, part of the unitary authority area of Torbay. It lies south of the county town of Exeter and east-north-east of Plymouth, on the north of Tor Bay, adjoining the neighbouring town of Paignton ...

) 1927 *Marshalls Ltd; * Kennards (

Croydon Croydon is a large town in south London, England, south of Charing Cross. Part of the London Borough of Croydon, a local government district of Greater London. It is one of the largest commercial districts in Greater London, with an extensi ...

, Staines) 1926 *Drages Furniture Store (

High Holborn High Holborn ( ) is a street in Holborn and Farringdon Without, Central London, which forms a part of the A40 route from London to Fishguard. It starts in the west at the eastern end of St Giles High Street and runs past the Kingsway and Sou ...

Birmingham Birmingham ( ) is a city and metropolitan borough in the metropolitan county of West Midlands in England. It is the second-largest city in the United Kingdom with a population of 1.145 million in the city proper, 2.92 million in the West ...

Manchester Manchester () is a city in Greater Manchester, England. It had a population of 552,000 in 2021. It is bordered by the Cheshire Plain to the south, the Pennines to the north and east, and the neighbouring city of Salford to the west. The t ...

) 1928 The business was acquired by

Debenhams Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish ...

in 1927. The business was kept as a separate subsidiary from the main Debenhams group, but with board members of Debenhams joining the board of the trust. At the time it was reported that Drapery Trust controlled 60 stores of department and specialist kind. The Drages business was sold in 1937 to Great Universal Stores. 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.

References

External links

* {{PM20, FID=co/072921, TEXT=Documents and clippings about, NAME= Defunct department stores of the United Kingdom Debenhams Holding companies of the United Kingdom 1925 establishments in England British companies established in 1925 Holding companies established in 1925 Retail companies established in 1925