Jaeger to cut 103 jobs and close 13 stores
Fashion retailer Jaeger is to close 13 stores and cut 130 jobs after entering administration earlier this month.
Some 47 jobs will be lost in stores while 56 roles will be cut at the retailer’s head office and distribution operations. The administrators said the job cuts had been made due to Jaeger being “unable to sustain its current structure.”
Jaeger was placed into administration together with the Peacocks fashion chain after their owner Edinburgh Woollen Mill was unable to find a buyer for the businesses. Tony Wright and Alastair Massey, partners at FRP Advisory, were appointed as joint administrators and are continuing to seek a buyer for Jaeger.
Wright said: “We continue to hold discussions with interested parties regarding a possible sale.
“Regretfully, redundancies have been made across a number of head office and store roles. We are working with staff to support them and help make any claims to the Redundancy Payments Service.”
Jaeger now has 63 outlets and concessions and continues to operate its ecommerce website.
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