Share
After 160 years, one of Britain’s remaining luxury fashion retailers is facing closure with the company today being placed into administration.
Aquascutum, the 160-year-old British clothing retailer which has dressed Winston Churchill and the Queen Mother, collapsed into administration today, jeopardising 250 jobs.
The business was bought by Jaeger’s owner Harold Tillman and its chief executive Belinda Earl in 2009 but it continued to make “significant losses” despite their efforts to turn it around, according to administrators at FRP Advisory.
At the time of publication Acquascutum’s website had already shuttered, simply stating that it “is currently undergoing essential maintenance and will be available again soon.”
