680 jobs at risk as Jaeger bombs
Workers at Jaeger’s West Midlands stores face an uncertain future after the fashion chain entered administration.
The company employs approximately 680 staff across its 46 stores, 63 concessions, head office in London and logistics function in Kings Lynn. It has stores in Birmingham’s Great Western Arcade, Leamington Spa and Stratford-upon-Avon, plus concessions in House of Fraser stores in Solihull and Worcester.
In a statement, administrators Alix Partners said 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 publicised sales process.
Peter Saville, joint administrator, 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.”
The joint administrators will continue to trade the company while working with all stakeholders to evaluate the most appropriate route forward.
