The administrators for collapsed retailer Aquascutum have entered into an exclusivity agreement with the owner of the brand in Asia, Aquascutum International, a wholly owned subsidiary of YGM Trading.
Administrators at FRP have agreed to sell the ongoing business and assets to YGM, with completion expected to take place by 9 May.
FRP said it had received interest in the business and assets of Aquascutum from 70 parties.
Separately, FRP is continuing negotiations to secure a buyer for the manufacturing plant at Corby, Northamptonshire, which was closed on 19 April.
Aquascutum was placed into administration on 17 April.
annabel.dixon@estatesgazette.com
