Home   News   Article

Updated: Jaeger goes into administration




Jaeger Outlet in St John's Street, Bury
Jaeger Outlet in St John's Street, Bury

Up market fashion store chain Jaeger has gone into administration putting 680 high street jobs across the UK.

The 133-year-old company, which has 63 concessions and 46 stores including one in St John’s Street, Bury St Edmunds, filed notice of intending to appoint administrators on April 5 and is understood to have informed employees the following day.The company’s headquarters is in London and it has a distribution centre in King’s Lynn.

Peter Saville, Ryan Grant, and Catherine Williamson of global business-advisory firm AlixPartners Services UK were yesterday appointed joint administrators over Jaeger Holdings, Jaeger Shops, Jaeger Company’s Shops and The Jaeger Company.

The appointment was made at the request of Jaeger’s directors as a result of the company being unable to attract suitable offers despite a lengthy and well publicized sales process.

The administrators say they will continue to trade the company.

Peter Saville said: “Regrettably despite an extensive sales process it has not been possible to identify a purchaser for the business. Our focus now is in identifying an appropriate route forward and work with all stakeholders to do this. We will ensure that we communicate further as this process unfolds.”



COMMENTS
()


Iliffe Media does not moderate comments. Please click here for our house rules.

People who post abusive comments about other users or those featured in articles will be banned.

Thank you. Your comment has been received and will appear on the site shortly.

 

Terms of Comments

We do not actively moderate, monitor or edit contributions to the reader comments but we may intervene and take such action as we think necessary, please click here for our house rules.

If you have any concerns over the contents on our site, please either register those concerns using the report abuse button, contact us here.

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies - Learn More