Alan Lewis, the chairman and owner of Crombie, is reported to have made an offer to buy luxury British heritage brand Aquascutum.
The Financial Times said that Lewis’ investment firm Hartley Group had made an approach to Aquascutum’s Japanese owner Renown about potentially buying Aquascutum’s UK business, including its manufacturing operation.
A deal will give hope to Aquascutum’s 340 staff who were put into consultation earlier this month after an offer from Chinese company YGM Trading, which distributes the brand in Asia, failed to materialise.
Lewis told The Financial Times, “Brand-wise Crombie and Aquascutum would certainly be a natural fit, due to our similar heritage and ethos.”
Kim Winser, the chief executive of Aquascutum, left the business last month after a failed attempt at a management buyout.