Aquascutum administrators have sold the brand, head office and stores to a subsidiary of YGM Trading, which owns the Asian division. 100 jobs have been saved. A buyer is still being sought for the companys factory in Corby, Northamptonshire.

Aquascutum has been sold by administrators, saving 100 jobs. The new ownership should ensure the best opportunity for growth in the UK and worldwide. The brand, its Head Office and stores have been bought by a subsidiary of YGM Trading. Aquascutum has 3 high street stores and 16 concessions.

Mothercare finance director Neil Harrington has resigned from the maternity retailer. The company had recorded sales of -£108.4m