In the mid 1970’s, during Sir Peter Studd’s Mastership, the Company decided to rekindle the connection with its original craft trade through the Federation of Merchant Tailors. Liverymen and Past Federation Presidents, Angus Cundey and Robert Bright (who together with Michael Skinner in the late 1980s were the first Master Tailors for several hundred years to become Free of the Company), played prominent parts in launching a training related competition.
The Company presented the Golden Shears trophy for the competition. The trophy is a pair of traditional cutting shears mounted on mahogany – the traditional shears as used by cutters and tailors and the mahogany representing the boards on which they worked. The Golden Shears were awarded to the tailor whose clothes, using non-professional models (often themselves) were judges for fit, style and suitability to wearer as well as the skills of cutting and tailoring.