William Miller Christy (1778-1858) was the son of Miller Christy (1748-1820), who had established a successful hatting business at 35 Gracechurch Street, London. William served an apprenticeship as a hatter and duly entered into the family business where he developed a lifelong interest in banking. The London firm first developed links with Stockport through their trade with the firm of T. & J. Worsley, which was eventually taken over by Christys in 1827. William Miller Christy began to spend an increasing amount of time in Stockport where he and three friends purchased Underbank Hall which opened in 1824 as the Stockport and East Cheshire Bank. This bank was sold in 1829 and William acquired sufficient capital to move into the cotton industry, first at Hillgate Mill in Stockport (originally the premises of Samuel Oldknow), and later at Fairfield Mill in Droylsden. In 1843 William took two of his sons, Alexander and Richard, into partnership and retired from the day-to-day running of the business. However, it was another of his sons, Henry Christy (1810-1865) the well known ethnologist, who made the discovery which was to make the firm famous. Whilst travelling in Turkey, Henry became concerned that mass-produced goods would cause the decline of many of the local crafts and industries which he had observed, and so he decided to collect samples which are today housed in the British Museum. One of these samples was a piece of cloth with a looped surface which he showed to his brother Richard who immediately recognized its potential commercial value. Samuel Holt, an employee working at the Hillgate Mill, developed a method of manufacturing the towels by machine and so production commenced. The success of the product was assured when Royal patronage was secured in 1851. Queen Victoria saw the towels on a visit to the Great Exhibition at Crystal Palace and placed an order for six dozen of the "Royal Turkish Towel". The firm continued to be successful, although it did suffer from problems which were common throughout the industry such as shortages in the supply of raw cotton. The firm's management were sensitive to the changing shape of the industry, recognising the need to advertise their product as competition increased and to modernise machinery and buildings. Reginald Hadfield, son of the Company's Secretary, Jonathan Hadfield, initiated a major programme of modernisation in the first decade of the 20th century. Following the 1939-45 war the Directors decided upon another sweeping programme of modernisation, but the decline in Lancashire's cotton industry led to the firm's being taken over in 1955, and in 1964 it became part of the Courtaulds group of companies.
- 1824 Opening of the Stockport and East Cheshire Bank.
- 1829 Stockport and East Cheshire Bank sold.
- 1833 W.M. Christy in business at Hillgate Mill, Stockport.
- 1833 Purchase of land at Droylsden.
- 1837 Fairfield Mill opens at Droylsden.
- 1837 Opening of Queen Street School, Droylsden.
- 1840 Opening of the Manchester Office.
- 1843 W.M. Christy forms partnership with his sons Alexander and Richard and then retires.
- 1843 Work commences on extension to the Fairfield Mill.
- 1848 New Building opens.
- 1850 Production of Turkish Towels commences at Hillgate.
- 1851 Royal patronage secured by Turkish Towels.
- 1858 Death of W.M. Christy.
- 1858 Charles Egerton Ashworth becomes a partner.
- 1863 Alexander Christy relinquishes partnership.
- 1863 Fairfield Mill and the Manchester Office connected by telegraph.
- 1874 The firm becomes a Limited Company.
- 1874 Edmund Christy and Alfred Ashworth become directors.
- 1874 Richard Christy is made Chairman of the Board of Directors and Jonathan Hadfield is appointed as Secretary.
- 1896 Fire at Fairfield Mill destroyed stock.
- 1898 Death of Richard Christy, Charles Ashworth becomes Chairman.
- 1901 Death of Charles Ashworth, Alfred Ashworth becomes Chairman.
- 1908 Alfred Ashworth retires, his nephew, Edmund Ashworth becomes Managing Director.
- 1910 Death of Alfred Ashworth.
- 1912 Jonathan Hadfield retires, John Newton becomes Secretary.
- 1913 Richard Jones, Manager of the Manchester Office, is given a seat on the Board.
- 1915 Death of Jonathan Hadfield.
- 1916 Reginald Hadfield is given a seat on the Board.
- 1924 Manchester Office moves to 51 Mosley Street having sold previous premises to Lewis's.
- 1928 Death of Richard Jones after 58 years' service.
- 1931 Death of Henry E. Christy, new Board elected consisting of W.M. Christy, E.H. Ashworth, R. Hadfield and Admiral R.S. Hornby.
- 1938 Death of Reginald Hadfield.
- 1941 Fairfield Mill closed on order of the Cotton Controller due to demand for munition workers.
- 1941 Greenhow & Co. Ltd [a firm of Manchester merchants] acquired as a capital investment.
- 1942 Mill reopens due to national shortage of towels.
- 1955 Taken over by Fine Spinners and Doublers Ltd.
- 1964 Taken over by Courtaulds.