British Clothing Luxury Brand, The Company Is Bought By YGM, Hongkong.
In May 10th, Hong Kong listed companies YGM invested 15 million pounds (about 152 million yuan) to acquire the 161 year old British luxury clothing brand, "gagshi Dan".
Aquascutum
10 days ago, the Asset Manager formally announced that the acquisition process of YGM company has been completed and has kept more than 100 jobs in the UK.
Jagle Dan, founded in 1851, is a United Kingdom with Burberry.
luxury brand
It was once famous for its royal aristocracy and many celebrities.
In April 18th, he said in a statement that "because of the severe economic situation in the UK, the company can not keep the brand profitable."
He lost 24 million pounds last year (about 243 million yuan).
The acquisition of YGM includes the brand and assets of the company, including its British stores, concession and headquarters office buildings.
The asset manager of the company said he hoped that the change could be made for him.
British apparel
And even global sales create new opportunities.
In addition, other assets, including negotiations in the UK factories and franchises in Spain and Canada, are still under way, and the negotiations on the acquisition of the British plant are expected to take place within two weeks.
In fact, YGM Trading Limited has already established an agency relationship with the company.
It also manages many other international brands and has more than 800 stores worldwide.
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