10 May 2012

Aquascutum sold to YGM Trading Limited

Geoff Rowley and Phil Armstrong, partners at FRP Advisory LLP and Administrators for Aquascutum Limited, which was placed in to administration on 17 April, have confirmed that the brand has been sold to YGM Trading Limited. The sale includes includes the UK stores, concessions and head office operations, and will preserve the jobs of over 100 employees as well as the presence of the Aquascutum brand in the UK. The Administrators are continuing to deal with interested parties regarding a sale of the factory based in Corby, which they hope to achieve within the next two weeks. Discussions are also taking place in relation to the concessions operated in Spain and Canada.

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