It was incorporated by letters patent issued by Oliver Cromwell in 1657, with a royal charter from Charles II in 1663.
For a period it had its own hall in Red Cross Street, however for various reasons it was sold.
It maintains almshouses known as the Cottage Homes in Oadby, Leicestershire – and has an active bursary awards scheme for up-and-coming students in fashion and textiles.
Quarterly dinners are held, normally at Mansion House or livery halls within the square mile of the City of London.
These are well attended with guests including the Lord Mayor of London and the sheriffs.