Retail in Asia

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New Aquascutum owner appoints Tim Dally as CEO

Aquascutum’s new owner YGM Trading has appointed Tim Dally as chief executive of the UK business, the company name of which is now Aquascutum 1851.

Hong Kong-based YGM bought the UK luxury fashion retailer in a GBP15 million (USD24.09m) deal on Thursday, acquiring the three high street stores at Westfield London, Canary Wharf and Windsor, 16 concessions and its head office operations, and preserving 100 jobs.

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(Source: Retail Week)