Shandong Ruyi Group news and archive

YGM confirms Aquascutum sale to Shandong Ruyi Group

London - YGM Trading has confirmed the sale of British heritage brand Aquascutum to Jining Ruyi Investment Co Ltd, a holding company owend by Shanding Ruyi Technology Group for 117 million dollars (95 million pounds). On Thursday evening YGM Trading announced it had reached an agreement to sell the manufacturing, retailing and intellectual...

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Aquascutum sold for 97 million pounds

The high-end brand will change hands once more. The British brand, currently owned by Hong-Kong-based YGM Trading, which bought it for 15 million pounds in 2012. The new owners are reportedly taking over the business in March 2017. The clothing company, which started as a tailoring business in Mayfair back in 1851, will be sold to “two...