Deathwatch: Aquascutum in administration. That's Aquascutum.
The company has been going for 161 years (it says here) but it doesn’t look like it will for all that much longer, thanks to horrendous losses all over the place. It also says here that Aquascutum (not sure how it’s pronounced) has three high street stores, 16 concessions, seven outlet stores and 11 international concessions. It’s also a big name at clothes-gatherings like London Fashion Week.
Joint administrator Geoff Rowley said: "We are conscious of the value of the Aquascutum brand and its long-standing heritage and because of this are keen to enter in to early discussions with interested parties open to purchasing the business as soon as possible.” It’ll probably be over in a week.
TOPICS: High Street News