The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
British fashion retailer Jaeger’s 63 stores and concessions will permanently close after Marks & Spencer on Friday purchased its stock and marketing assets, having secured a deal to buy the brand earlier this week.
FRP, administrators to Jaeger Retail Limited, said 211 store staff and 22 head office staff have been made redundant.
Before going into administration in November Jaeger was part of Philip Day’s Edinburgh Woollen Mill Group.
M&S said on Monday it had bought the Jaeger brand as part of a strategy to bolster its clothing division with new names.
By James Davey; editor: William James.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.
The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.
The humble trainer, once the reserve of football fans, Britpop kids and the odd skateboarder, has become as ubiquitous as battered Converse All Stars in the 00s indie sleaze years.