Drapery Trust
Drapery Trust (initially called the Drapery & General Investment Trust Ltd) 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 was acquired by Debenhams in 1927 and was run as a subsidiary until the 1970s.
| Company type | Holding company |
|---|---|
| Industry | Retail |
| Founded | 1925 |
| Founder | Clarence Hatry |
| Defunct | 1970s |
| Successor | Debenhams |
| Headquarters | , |
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