Retail in Asia

In Sectors

Aquascutum sold to HK’s YGM Trading

Luxury clothing brand Aquascutum has been sold for GBP15 million (USD24.2m) to a subsidiary of Hong Kong-listed YGM Trading, which already owns the brand in Asia.

Its administrators announced a week ago that they were in exclusive talks with YGM about the sale of the business.

They have sold the brand and assets including UK stores, concessions and the head office, preserving 100 jobs.

(Source: BBC News )