Those who study the history of English know that the word often misread as “ye” in Middle English is good old “the” spelled with an unfamiliar character called a thorn which looks vaguely like a “Y” but which is pronounced “TH.” so all those quaint shop names beginning “Ye Olde” are based on a confusion: people never said “ye” to mean “the.” However, if you’d rather be cute than historically accurate, go ahead. Very few people will know any better.
