Aquascutum news and archive

Shandong Ruyi, 'China's LVMH', is downgraded following spending spree

Fashion giant Shandong Ruyi, often considered the Chinese LVMH, has been downgraded by financial specialists Moody’s following a flurry of acquisitions. Shandong Ruyi is majority shareholder or parent company to host of global brands, including Bally, Aquascutum, Gieves & Hawkes and French Group SMCP whose fashion brands include Sandro, Maje and...

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Retail

Aquascutum launching store on JD.com

The British heritage brand opens an official flagship store on China’s largest e-commerce retailer, JD.com. The opening is coupled with Black Friday, offering steep discounts of up to 60 percent off. Known for its iconic trench coats, Aquascutum will be offering their signature styles and a selection of merchandise on the new JD.com store. “We...

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Report

YGM confirms Aquascutum sale to Shandong Ruyi Group

London - YGM Trading has confirmed the sale of British heritage brand Aquascutum to Jining Ruyi Investment Co Ltd, a holding company owend by Shanding Ruyi Technology Group for 117 million dollars (95 million pounds). On Thursday evening YGM Trading announced it had reached an agreement to sell the manufacturing, retailing and intellectual...

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Management

Aquascutum sold for 97 million pounds

The high-end brand will change hands once more. The British brand, currently owned by Hong-Kong-based YGM Trading, which bought it for 15 million pounds in 2012. The new owners are reportedly taking over the business in March 2017. The clothing company, which started as a tailoring business in Mayfair back in 1851, will be sold to “two...

People

Aquascutum confirms new MD and head of menswear

London - Heritage fashion brand Aquascutum has confirmed the appointment of former managing director of Alfred Dunhill, Philip Brassington as its new managing director, succeeding chief operating officer, Mark Taylor. In addition, the luxury British label has named Te Dinh Sy as head of menswear, succeeding Thomas Harvey, who left the company in...

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Aquascutum COO exits role after 3 years

London - Mark Taylor, the Chief Operating Officer at Aquascutum, is set to step down his role this July to pursue another opportunity, according to the luxury retailer. Aquascutum has begun its search for a successor, but Andrew Chan, Chief Executive at Aquascutum, is to take over Taylor's daily tasks and responsibilities on an interim basis...

Fashion

Aquascutum expansion continues with Nordic deal

British label Aquascutum has signed a distribution agreement with Nordic agency Sjöklint Agenturer AB, to distribute the Aquascutum 1851 collection across Sweden, Norway, Finland and Denmark. This deal follows on from the heritage label’s recent agreement with the Jaytex Group to distribute the collection across Canada and the US, as it looks to...

Fashion

Aquascutum expanding to America and Canada

British heritage brand Aquascutum has signed a licensing deal with Canadian firm The Jaytex Group to distribute its mainline, Aquascutum 1851 London collection, in American and Canada. The Jaytex Group, which works with brands including Kenneth Cole and Ben Sherman, will oversee the brands wholesale and retail distribution, as well as plan the...

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Fashion

Aquascutum to offer made to measure service

British heritage brand Acquascutum will re-introduce a made to measure service as part of its clothing offer. The company, which was founded in 1853, said it felt something was missing from the range since it closed its Regent Street flagship. Thomas Harvey, head of design of Aquascutum's menswear, told Drapers: "Made-to-measure is a great...

Apparel

Aquascutum names chief operating officer

Luxury fashion retailer Aquascutum has hired former Juicy Couture finance director Mark Taylor as its chief operating officer for its UK business. Taylor took up his new position earlier this month, after replacing former Aquascutum boss Tim Dally, who stepped down due to ill health. He will report directly to Aquascutum International’s...

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Fashion

Aquascutum confirms exclusivity talks with YGM

British fashion brand Aquascutum, which went into administration last month, looks set to be rescued by YGM Trading Limited, the owner of the brand across Asia. FRP Advisory, the administrators for Aquascutum has confirmed that both parties have entered into an exclusivity agreement. Following the retailer entering administration on April 17,...

Apparel

Aquascutum attracting bids

Aquascutum is hoping to find an interested buyer by the end of this week. The company fell into administration in April and FRP Advisory was appointed to oversee a possible sale. To date interested parties have offered 10 bids for the outerwear company. A spokes women for FRP Advisory was quoted in Retail Week: “We have had 10 bids which we are...