NEW CEO: YGM Trading, Aquascutum’s new Hong Kong-based owners, has named Tim Dally chief executive officer of the brand, which will remain based in London. YGM finalized its purchase of the U.K. arm of Aquascutum last week, buying the brand name and assets for 15 million pounds, or $24.2 million at current exchange.
The administrators for Aquascutum, FRP Advisory LLP, said they are continuing to deal with interested parties regarding a sale of the Aquascutum factory in Corby, England. They said discussions are also taking place in relation to the Aquascutum concessions in Spain and Canada.
This story first appeared in the May 14, 2012 issue of WWD. Subscribe Today.