Fashion businessman, Harold Tillman, chairman of Jaeger, has bought luxury British brand Aquascutum from its Japanese owners.
The fashion label now returns to British hands after it was bought from Japanese company Renown Incorporated.
Mr Tillman will own the label with business partner and Jaeger CEO Belinda Cole.
Aquascutum will be managed alongside Jaeger, which the partners expect will now have a combined worth of £300m.
