Aquascutum Cancels Spring 2010 Show

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Aquascutum, fall 2009. Photo: Imaxtree

Aquascutum will not show a spring 2010 collection at London Fashion Week. Parent company Renown put the label up for sale late last year and basically doesn't want to pour any more money into it. Its Chinese licensee YGM Trading Ltd. has signed a letter of intent to buy, so all the complicated things that go along with that are ongoing. [WWD]