[2] The company was founded by (Sir) Willie Greenwood in 1860 as a hatter's shop in Bradford.

However, whilst negotiations were made, the company was hit badly by the downturn in the Global and British economy in the last quarter of 2008.

[2][4] Prior to entering administration, Greenwoods had a turnover of £25.9 million and employed 579 people.

[5] Greenwoods had their headquarters in Albion Mills, Greengates, Bradford but have moved to newly built premises on the Shipley Airedale Road nearer the city centre.

Greenwoods also introduced a slim-fit range of suits, shirts, ties and shoes under the 1860 brand.