Aquascutum | 250 jobs at risk

Administrators FRP Advisory have been called in to try and find a buyer for the brand and some or all of its assets.

The decision to place the company in administration will be a major blow to Mr Tillman who only yesterday sold the majority stake in one of his other major retail assets, Jaeger, to private equity group Better Capital.

It is understood the sale was made to protect Jaeger from being dragged down with Aquascutum.

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.”

Although many retail analysts believe Aquascutum has far stronger heritage than its great rival Burberry it has failed to capitalise on it…

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Read More @ Aquascutum goes into administration, 250 jobs at risk – Telegraph.