Sunday, 8 April 2012

British brand Aquascutum up for sale

There are few companies in Britain that we can call is part of British Heritage such as the Royal Mail, Cadbury and even Manolo Blahnik. However it seems that even a fashion institute such as Aquascutum has been put up for sale, and the buyer well can be anyone.

Owner Harold Tillman who has an over-all control of the company has reportedly consulted Rothchild to handle the exchange of the company.

The British born company Aquascutum was family owned until 1990, when it was purchased by Japanese textile company Renown Incorporated. After having suffer three years of losses, they had sold the company to Harold Tillman in September 2009.

Our Note: It is sad to say but it seems Aquascutum may even have an untimely exit out of the fashion industry having had an abysmal couple of years. But as Frontpose is a Brit-Born-Company we hope that it doesn't come down to that, as that would be a massive shame.

article written by: www.frontpose.com

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