Just after we thought the rollercoaster that Aquascutum has been riding on lately was over, there has been another twist in the tale of the legendary British label. Although the AW10 collection for the brand received appraisal from press, women's wear designer Michael Herz and menswear's Graeme Fidler have handed in their resignation, it is said, to focus on new projects.
The pair have seen a lot change at the heritage house since their arrivals in 2000 and 2002, with the takeover by BFC and Jaeger chairman Harold Tillman and chief executive Belinda Earl being the most recent change in management. "They've had a great time at the brand, but they want to move on, and we fully understand that," Earl was quick to point out. "We wish them well, and the situation is amicable."
With an already sparkling list of talent on the alumni for the MA Fashion Design course at the London College of Fashion, it's no surprise that the fashion world wait eagerly for the graduate show each year. Wednesday night was no different. From the 18 designers who presented, So Ra Kim's pastel futurism caught our eye, along with the more macabre chainmail masks and feather-covered designs from Sophie Condie.
It wasn't just the catwalk that caught our attention, either, as some of London's most fabulous inhabitants turned out for the show, from the eccentric Grayson Perry, Jodie Harsh and Paloma Faith, to Jo Wood, Hilary Alexander and the BFC's Harold Tillman. It was an exciting time for the graduates, as Browns' Joan Burstein sat front-row, obviously scouting for the future Christopher Kanes, Giles Deacons and Gareth Pughs of the night.
Harold Tillman, the boss of British high-end fashion brand Jaeger, is thought to be considering a bid for Aquascutum, according to Drapers online.
Aquascutum, UK-based luxury clothing manufacturer and retailer, owned by Japanese Renown Inc. since 1990, recently lost its CEO, Kim Winser, in May this year, following a management buyout attempt that fell through.
Apparently, news of Tillman’s interest has been flying around for some time, but with Renown putting the brand into consultation and inviting bids since June, it looks as though something may materialise from the rumours any day now.
UPDATE: Tillman has confirmed that he and Jaeger Group CEO Belinda Earl have acquired Aquascutum. It is predicted that global sales for Jaeger and Aquascutum will exceed £300 million.
