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Ruyi plans to acquire Aquascutum brand business for $120 million

Related Keywords: Aquascutum brand business, British trench coat maker, Chinese mainland textile producer, for about hundred and twenty dollars, from Hong Kong-listed YGM Trading Ltd, planning to acquire iconic British trench coat maker, reach final agreement in the next few weeks, Shandong Ruyi Group

Shandong Ruyi Group the Chinese mainland textile producer which bought control of French fashion group SMCP earlier this year is now planning to acquire iconic British trench coat maker, Aquascutum brand business from Hong Kong-listed YGM Trading Ltd for about $120 million. Ruyi hopes to reach a final agreement in the next few weeks, the sources said.

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