Ruyi Group Plans Purchase of Trench Coat Maker Aquascutum

  • Chinese textile firm aims to buy iconic brand for $120 million
  • Ruyi conducts due diligence on business owned by YGM Trading

Shandong Ruyi Group plans to acquire iconic British trench coat maker Aquascutum for about $120 million, people with knowledge of the matter said, as Chinese companies extend a record overseas dealmaking spree.

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