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 British musician will collaborate with the Swiss brand on a collection of training apparel, and will serve as the face of their first collection to be released in August.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.