TOKYO — Hong Kong-based YGM Trading Ltd. confirmed that one of its subsidiaries has signed a letter of intent for the possible purchase of Aquascutum from Japan’s Renown Inc.
In a statement posted on YGM’s Web site as well as the Hong Kong Stock Exchange Web site, the company said it is still negotiating the terms of the deal and no “formal agreement” has been reached thus far.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)