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Harold Tillman buys Aquascutum

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Harold Tillman, credited for rejuvenating the fortunes of 125-year-old retailer Jaeger after his purchase of it in 2004, has bought the fashion brand from its Japanese owner, Renown, for an undisclosed amount. He’ll be running Aquascutum with Jaeger chief executive Belinda Earl, famous for revamping Debenhams.

Tillman, who grew up in Brixton and became one of the first male students at the London College of Fashion, will be inheriting a flagship shop in Regent Street, a factory in Corby, department store concessions and 350 employees.

“I always invest cautiously in a business,” he says. “My first priority is to stabilise Aquascutum, then go in the right direction for growth, driving it forward, to the market.

“We have to really focus on the fact that it is British and I think the world’s respect for traditional British brands is something that we benefit from. Great Britain is really having its time.”

There’s a great piece on Harold Tillman by the Evening Standard’s Chris Blackhurst here.

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