Scottish blow as Jaeger closes 13 merchants and axes more than 100 careers

Vogue chain and Edinburgh Woollen Mill sister business Jaeger is cutting 103 positions and shutting 13 retailers, a 7 days following falling into administration.

a store front at day

© Retailer Jaeger said it has minimize 47 in-keep positions and 56 head office environment and distribution roles as p…

The retailer explained it has minimize 47 in-retail store positions and 56 head business office and distribution roles as part of a restructuring. The 13 afflicted outlets incorporate one particular in Scotland – at the Sterling Mills outside buying centre in Tillicoultry.

The chain was put into administration last week by owner, the retail billionaire Philip Day.

Administrators have said they will go on to lookup for a buyer for the small business but made the cuts as Jaeger was “unable to maintain its recent structure”.

Jaeger has decreased its merchants estate to 63 stores and concessions, and now employs 244 employees as a end result.

Day employed specialists from FRP Advisory to oversee the insolvency of Jaeger and sister business Peacocks, which operates 423 merchants with additional than 4,300 employees.

The retail tycoon’s EWM Team experienced by now placed its Edinburgh Woollen Mill and Ponden Dwelling organization into administration previously this thirty day period.

Tony Wright, joint administrator of Jaeger Retail Limited and a partner at FRP Advisory, said: “We continue on to hold discussions with intrigued events relating to a achievable sale.

“Regretfully, redundancies have been produced across a quantity of head office environment and store roles.

“We’re doing the job with team to help them and assist make any promises to the Redundancy Payments Support.”

The agency stressed that the Jaeger on-line buying operations, which includes the on the net brands Austin Reed and Jacques Vert, remained open up and continued to trade.

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