Retail in Asia

In Sectors

HK’s YGM says in exclusive talks to buy UK’s Aquascutum

Hong Kong fashion retailer YGM Trading Ltd said it has entered into exclusive talks with the administrators of failed UK clothing firm Aquascutum Ltd over the potential purchase of the business and its assets.

YGM Trading, which already owns the licences for the Aquascutum brand in Asia, said in a filing to the Hong Kong bourse late on Wednesday that it has been granted an exclusivity period from 1-9 May to negotiate a sale and purchase agreement.

(Source: CNBC)