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Aquascutum attracts 10 expressions of interest in first round of bids

Collapsed luxury fashion retailer Aquascutum has attracted 10 expressions of interest in the first round of bids, Drapers has learned.

Aquascutum fell into administration on April 17 after former owner Harold Tillman failed to find a buyer for it.

FRP Advisory was appointed administrator and set a deadline of Friday April 27 for first round bids.

A spokeswoman for FRP Advisory said: “We have had 10 bids which we are now evaluating.  At present we have not reached exclusivity with any party and we will continue our discussions with any interested party.”

The administrator is aiming to have found a buyer for the business by Friday.

Interested parties who have previously been named in the battle for the retailer include Aquascutum’s Asian brand owner YGM Trading, which is interested in the brand, while Aquascutum supplier Cooper & Stollbrand was working on a bid for the closed Corby manufacturing plant.

Aquascutum operates three high street stores at Westfield London, Canary Wharf and Windsor. In the UK it has 16 concessions and seven outlet stores, while internationally it has 11 concessions.

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