LONDON — YGM Trading, the owner of Guy Laroche, is poised to pocket another Western heritage brand, Aquascutum, and is part of a growing band of Chinese investors eager to snap up companies with potential for growth in their home market.
The Hong Kong-based public company, which also has distribution deals in Asia with brands including Charles Jourdan and J. Lindeberg, plans to purchase Aquascutum Ltd., the loss-making British arm of the brand — and the only part of the Aquascutum business that it does not already own.
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)