Not surprisingly, as per our earlier blog, Aquascutum has gone into administration today. FRP Advisory are acting as the administrators to the 160 year old firm. The company specialised in smart practical clothing and was part of Jaeger which was recently bought by Better Capital.
Aquascutum, operates 3 high street stores, 16 concessions, 7 outlet stores, and 11 international concessions. The firm did owe £11m to Jaeger and a winding up petition was issued against it last month. The firm employs 250 people whose jobs are now hang in the balance. The clothing company also has a factory in Northamptonshire.
Although not a very big company it is relatively high profile and underlines again what a fragile state many of the country's retailers are in.
Please see our retailer rescue pages and see how you might be able to avoid a similar fate to Aquascutum.