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Chinese supplier mulls Aquascutum acquisition

British brand Aquascutum may be acquired by Chinese textile manufacturer Shandong Ruyi Group for $120m (£97m) in the coming weeks, it has been reported. 

Shandong Ruyi Group bought French fashion group SMCP, which owns Sandro, Maje and Claudie Pierlot, earlier this year and is now eyeing up Aquascutum, sources told Bloomberg.

Aquascutum, which is currently owned by Hong Kong-listed YGM Trading, declined to comment.

Readers' comments (1)

  • SR need to get their own house in order before they play with professionals.

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