Fred Perry ECONOMIC

Research date: 23 October 2026 Target: Fred Perry Scope: Commercial operations, corporate ownership, investments, supply chains, and financial relationships concerning Israel and the occupied Palestinian territories.

Supply Chain & Sourcing Relationships

Direct supplier relationships

A trade publication reported on 4 July 2013 that Fred Perry entered a distribution agreement with Israeli company Al-Srad Ltd, following approximately two years of retail sales through Factory 54 and Jeansbar; this is a downstream sales and distribution relationship rather than evidence of Israeli manufacturing or agricultural procurement. [pre-2020]; continuation after 2013 unknown.¹

No public evidence identified of Fred Perry sourcing agricultural products from Mehadrin, Hadiklaim, Galilee Export, Agrexco successors, or another named Israeli agricultural exporter.

No public evidence identified of an Israeli textile, garment, footwear, or raw-material supplier directly contracting with Fred Perry.

Importer-of-record structure

The July 2013 report identifies Al-Srad Ltd as the contractual Israeli distributor, with Yossi Irani discussing responsibility for distribution and wholesale development; the report does not identify the customs importer of record, its ownership structure, or customs registrations. [pre-2020]; current arrangement unknown.¹

No public evidence identified of a Fred Perry-owned Israeli importing subsidiary, joint venture, or dedicated customs-import entity.

Seasonal sourcing

No public evidence identified of seasonal Israeli procurement, including December–April agricultural purchasing.

No public evidence identified of recurring seasonal sourcing patterns involving Israeli textile manufacturers.

Third-party and indirect sourcing

Factory 54 and Jeansbar were identified in July 2013 as retailers that had previously carried Fred Perry; Al-Srad was announced as the distributor responsible for extending Israeli wholesale distribution. [pre-2020]; ongoing status unknown.¹

No public evidence identified of Israeli-origin merchandise being incorporated into Fred Perry goods through white-label production or indirect raw-material sourcing.

No public evidence identified of current settlement-based distributors, wholesale customers, or suppliers.

October 2026 - importer identity requires qualification: Terminal X’s current Fred Perry product documentation identifies Terminal X Online Ltd (company number 515722536) as importer of the examined garments. The same retailer’s alternative product listing independently confirms that designation. These records demonstrate an identifiable Israeli importing entity associated with Fred Perry merchandise, but do not identify Al-Srad Ltd (511199291) as the current exclusive or official Israeli distributor, and do not name Fred Perry Ltd as the contractual supplier. Consequently, the specified Al-Srad/Fred Perry Ltd relationship remains unverified by independently accessible, permitted sources, notwithstanding the evidence of continuing Israeli retail activity.^{2, 3}

Product Origin, Labeling & Regulatory Compliance

Product origin

The documented July 2013 Israeli relationship concerned the distribution of Fred Perry-branded clothing in Israel; the report did not describe goods manufactured in Israel or in occupied territories. [pre-2020].¹

No public evidence identified of Fred Perry products manufactured in Israeli settlements, the West Bank, East Jerusalem, or the Golan Heights.

No public evidence identified of Fred Perry merchandise carrying a disputed Israeli or settlement-origin label.

Applicable labelling requirements

UK product-labelling guidance requires commercial labels to avoid misleading statements concerning where goods were made, including applicable requirements for clothing and footwear; this is general regulatory context rather than evidence of any Fred Perry breach. Current guidance accessed October 2026.⁴

UK government guidance updated in June 2026 distinguishes Israeli territory from territories occupied since 1967 and describes country-of-origin treatment for settlement-origin products; the specific agricultural-produce rules discussed in that guidance do not independently establish any Fred Perry sourcing activity.⁵

UK consumer-food guidance also requires origin or provenance information in specified circumstances; no evidence connects those food-specific obligations with a Fred Perry agricultural product line. Current guidance accessed October 2026.⁶

Compliance and enforcement

No public evidence identified of a DEFRA, HMRC, Trading Standards, customs, or other regulatory enforcement action against Fred Perry concerning Israeli or settlement-origin labelling.

No public evidence identified of a mislabelled settlement-origin product sold by Fred Perry.

Corporate policy

No public evidence identified of a specific Fred Perry policy addressing sourcing from Israeli settlements or labelling merchandise originating in occupied Palestinian territories.

The UK government’s June 2026 overseas-business guidance advises UK businesses against economic and financial activity in Israeli settlements; it does not name Fred Perry as an offending company.⁷

Investment, Capital & Financial Exposure

Direct investment

The 2013 agreement with Al-Srad Ltd establishes a historical Israeli distribution relationship, but the published description contains no verified Fred Perry equity investment, acquisition price, or capital contribution to the Israeli distributor. [pre-2020]; ongoing status unknown.¹

No public evidence identified of a Fred Perry-owned factory, warehouse, research centre, logistics hub, real estate investment, or controlling operating subsidiary in Israel or occupied territories.

Acquired Israeli subsidiaries

No public evidence identified of Fred Perry, Fred Perry (Holdings) Limited, or Hit Union acquiring a controlling interest in an Israeli operating company.

No verified acquisition date, consideration, controlling percentage, Israeli manufacturing facility, or acquired Israeli workforce was identified.

Research and development

No public evidence identified of a Fred Perry research laboratory, technology partnership, incubator, accelerator, or innovation centre in Israel.

No public evidence identified of research activity involving Israeli defence institutions or settlement-based organisations.

Parent ownership and corporate control

Companies House identifies Fred Perry (Holdings) Limited, company number 03114539, as holding at least 75% of the shares and voting rights of Fred Perry Limited, company number 03114528, together with the right to appoint or remove directors; this control relationship was recorded from 6 April 2016 and remained active when checked in October 2026.⁸

Hit Union’s Japanese corporate profile lists Fred Perry (Holdings) Ltd and Fred Perry Ltd among its overseas associated companies and lists Fred Perry among its owned brands; the profile identifies Tokyo as Hit Union’s headquarters and Keiji Tanabe as president. Current corporate disclosure accessed October 2026.⁹

Companies House records that Fred Perry (Holdings) Limited has an active statement reporting no registrable person or registrable relevant legal entity under the applicable UK PSC disclosure criteria; this does not establish that the company has no ultimate corporate owner. Record accessed October 2026.¹⁰

The Japanese corporate profile also lists Lavenham Leisure Ltd and George Cox Footwear Ltd within the wider group; it does not identify an Israeli operating company among the overseas entities enumerated in that profile. Current disclosure accessed October 2026.⁹

Other brand licensing relationships

Aditya Birla Group identifies Fred Perry among the brands associated with its Indian fashion business; the listing establishes an Indian commercial brand relationship but does not establish worldwide ownership of Fred Perry or an Israeli financial investment. Current corporate disclosure accessed October 2026.¹¹

Portfolio and fund holdings

No public evidence identified of Fred Perry or its parent holding Israeli sovereign bonds, Israel Bonds, shares in Israeli defence manufacturers, Israel-focused investment funds, or material disclosed portfolio positions in settlement-active companies.

No public evidence identified of an Israeli sovereign-bond underwriting, placement, insurance, or investment-management relationship attributable to Fred Perry.

Controlling principals

Companies House lists John Thomas Stephen Flynn, Rosario Irene Gallen, Richard Martin Gilmore, and Keiji Tanabe as current directors of Fred Perry Limited; the register documents their appointments but does not establish any individual Israeli investment or defence-sector affiliation. Status checked October 2026.¹²

The holding-company director register lists the same four current directors; Katsuyuki Tanabe resigned on 26 February 2025. Status checked October 2026.¹³

No public evidence identified of material personal or family-office investments by these directors in Israeli defence companies, settlement enterprises, or Israeli infrastructure companies.

State financing

No public evidence identified of Fred Perry participating in Israeli sovereign-debt underwriting, Israel Bonds distribution, state lending, defence trade finance, or settlement financing.

Operational Presence & Market Activity

Historical Israeli retail market

On 4 July 2013, The Spin-Off reported that Al-Srad Ltd had signed a distribution agreement with Fred Perry covering Israel; the agreement was described as effective immediately. [pre-2020]; continuation unknown.¹

The same report identifies Factory 54 and Jeansbar as retailers that had carried the brand during the preceding two years. [pre-2020]; present-day sales status unknown.¹

The report also announced a proposed Fred Perry Authentic store in the Sarona complex in Tel Aviv during autumn 2013; the announcement alone does not verify that the store subsequently opened or remained operational. [pre-2020]; outcome unknown.¹

The published statement attributed to Yossi Irani describes the planned development of selected wholesale distribution in Israel. [pre-2020]; subsequent implementation unknown.¹

Current physical footprint

No public evidence identified sufficient to verify a currently operating Fred Perry-owned office, warehouse, factory, retail outlet, or support centre in Israel.

No public evidence identified of a current Fred Perry store, concession, franchise, or distribution facility specifically located in an Israeli settlement.

No public evidence identified of an operating Fred Perry facility in the occupied West Bank, East Jerusalem, or Golan Heights.

Workforce and tax

No public evidence identified of a current Fred Perry employee headcount in Israel.

No public evidence identified of a Fred Perry Israeli corporate-tax registration, VAT registration, annual tax payment, or permanent establishment.

No public evidence identified of Fred Perry holding Israeli Preferred Technology Enterprise status.

Market positioning

The 2013 distributor announcement indicates a commercial effort to develop Israel as an authorised retail and wholesale market; it provides no quantified market share, revenue contribution, or long-term strategic classification. [pre-2020]; present position unknown.¹

No public evidence identified of a current investor presentation or annual-report disclosure describing Israel as a strategic growth market, regional headquarters, or material revenue market.

Military and institutional relationships

No public evidence identified of Fred Perry supplying clothing under a direct Israeli Ministry of Defence or IDF procurement contract.

No public evidence identified of the historical distributor’s Fred Perry agreement covering Israeli defence procurement or settlement operations.

Constructive-notice dates

The confirmed Israeli distribution agreement dates to July 2013, before the 19 July 2024 ICJ advisory opinion and November 2024 ICC arrest warrants; continuation across either date was not established by the historical report. [pre-2020]; current status unknown.¹

The UK government strengthened its advice against settlement-related economic activity on 9 June 2026, establishing a subsequent publicly documented policy environment for British businesses.¹⁴

In September 2026, the UK government announced proposed restrictions on goods and services connected with illegal settlements; the announcement did not establish any specific Fred Perry involvement.¹⁵

October 2026 - continuing Israeli retail distribution independently corroborated: Israeli online retailer Terminal X lists Fred Perry clothing for purchase in Israeli shekels, including a white logo T-shirt advertised at ₪209.93, reduced from ₪299.90, with selectable sizes and an add-to-cart option. Its product page advertises domestic delivery within two business days. A separate Fred Perry T-shirt listing confirms additional merchandise offered through the retailer. These active commercial listings establish evidence of Fred Perry retail availability in Israel well beyond the July 2013 distribution announcement. They corroborate continued Israeli market activity, although they do not independently establish the contractual status of Factory 54 or the original 2013 agreement.^{2, 3}

Corporate Structure & Foundational Ties

Founding history

English Heritage records that Fred Perry and businessman Theodore Wegner established Fred Perry Sportswear in 1950; this historical account associates the business with the British tennis champion and does not describe Israeli founding or incorporation. [pre-2020]; founding event historical.¹⁶

Aditya Birla Group’s brand history dates the Fred Perry clothing brand to 1952; this describes a brand milestone distinct from the 1950 establishment of Fred Perry Sportswear. [pre-2020]; founding event historical.¹¹

Legal incorporation

Fred Perry Limited was incorporated in England and Wales on 17 October 1995 under company number 03114528, with a registered office at 37 Mount Pleasant, Clerkenwell, London WC1X 0AA as of October 2026.¹⁷

Fred Perry (Holdings) Limited was incorporated in England and Wales on 17 October 1995 under company number 03114539, with the same registered office as of October 2026.¹⁸

Japanese parent-group relationship

Hit Union’s corporate website identifies its headquarters in Ebisu-Minami, Shibuya, Tokyo, and lists Fred Perry, Lavenham, and George Cox among its international brands; the company reports consolidated group sales of ¥40.4 billion and 1,248 consolidated employees for 2024. These figures concern Hit Union’s wider group and are not Israeli or Fred Perry-only results.⁹

The corporate listing identifies Keiji Tanabe as Hit Union’s president and names Fred Perry (Holdings) Ltd and Fred Perry Ltd among its overseas group companies. Current disclosure accessed October 2026.⁹

Governance

The UK operating company and holding company have overlapping directorates, including Keiji Tanabe, Richard Gilmore, Rosario Gallen, and John Flynn. Status checked October 2026.^{12, 13}

Companies House records available in October 2026 establish the holding company’s control of Fred Perry Limited and the current directors of both entities; they do not identify an Israeli state shareholder or Israeli government-appointed director.^{8, 12, 13}

Israeli-nexus identity factors

Founded in Israel: no public evidence identified.

Headquartered or principally managed in Israel: no public evidence identified; the registered operating and holding companies are English entities, while Hit Union’s disclosed headquarters is in Tokyo.^{9, 17, 18}

Israeli tax residence or Preferred Technology Enterprise status: no public evidence identified.

Beneficial control by Israeli capital: no public evidence identified.

State and institutional linkages

No public evidence identified of an Israeli government equity stake, golden share, state board nomination right, or governance restriction tied to Israeli government policy.

No public evidence identified of an Israeli government designation of Fred Perry as critical national infrastructure.

No public evidence identified of a state-financed research programme or Israeli government investment award involving Fred Perry.

Structural governance

No public evidence identified of a shareholder agreement, charter condition, reserved board seat, or other governance mechanism structurally binding Fred Perry to Israeli state institutions.

Profit Repatriation & Economic Contribution

Group financial reporting

Companies House records group accounts for Fred Perry (Holdings) Limited for the year ended 31 December 2025, filed on 31 July 2026; the filing-history record establishes the availability of consolidated accounts but does not independently provide a verified Israel-specific revenue figure.¹⁹

Companies House likewise records Fred Perry Limited’s full accounts for the year ended 31 December 2025, filed on 31 July 2026.²⁰

Hit Union’s Japanese corporate disclosure reports group-wide sales of ¥40.4 billion for 2024, encompassing multiple brands and group entities; it provides no Israel-specific allocation in the corporate profile consulted.⁹

Historical revenue-generating relationships

The July 2013 Israeli distribution agreement establishes an announced framework for distributing Fred Perry products commercially within Israel but does not disclose sales value, royalties, operating margins, dividend flows, or wholesale payment terms. [pre-2020]; subsequent performance unknown.¹

No public evidence identified of annual Fred Perry revenue attributable specifically to Israel.

No public evidence identified of revenue attributable specifically to Israeli settlements.

Profit remittances

The disclosed UK operating-company and holding-company relationship establishes a corporate ownership route through which profits could be distributed, but the records consulted do not establish any Israel-derived dividend, royalty, management fee, or intercompany transfer.^{8, 19, 20}

No public evidence identified of profits generated globally by Fred Perry being remitted to an Israeli-domiciled parent or controlling shareholder.

No public evidence identified of Israeli retail profits being remitted to Fred Perry, Hit Union, or another group entity in a quantified amount.

Taxes and economic contribution

The 2013 commercial distribution agreement establishes historical participation in the Israeli retail market but does not quantify Israeli imports, employment, taxes, profits, or gross value added. [pre-2020]; continuation unknown.¹

No public evidence identified of Fred Perry’s aggregate Israeli tax payments, customs duties, payroll contributions, or locally retained earnings.

No public evidence identified of Fred Perry being designated a significant employer, essential supplier, sector anchor, or critical infrastructure provider in Israel.

Settlement-specific financial activity

The UK government’s June 2026 guidance advises against economic and financial activity within Israeli settlements, while its September 2026 policy statements describe further proposed settlement-related trade restrictions; neither source identifies a Fred Perry settlement transaction.^{14, 15, 21}

No public evidence identified of a Fred Perry payment, investment, sourcing contract, property holding, financing facility, or other attributable revenue stream specifically connected with a settlement.