Troubled Jaeger 'up for sale'

Tue, 07 Feb 2017 | BUSINESS SALE

Historic high-end retail brand Jaeger is up for sale as the high street’s woes continue.

City AM reports that Jon Moulton, head of private equity house Better Capital, which acquired Jaeger in April 2012 for £19.5 million, has confirmed that a sale process “is under way”.

In February reports suggested Better Capital had appointed AlixPartners to help it canvass interest from prospective buyers.

The Telegraph reported that fashion entrepreneur Harold Tillman, who owned Jaeger between 2003 and 2012 before it was sold to Better, is in the running to buy it back.

Moulton told City AM that a “considerable number” of buyers are interested in Jaeger, which was established in the 1880s, blaming heavy discounting for the firm’s problems.

“Everyone seems to be offering clothes at minus 70 per cent and that really is a nuisance because it destroys the image of your brand, it is hurting lots of retailers. Even Burberry is not having an easy time,” he said.

“We don’t see it going into administration otherwise we wouldn’t be sitting here. From reducing prices of the clothes to shutting shops, we’ve considered all the options you could imagine.”

Last year, Jaeger shut three of its stores including its Regent Street flagship and opened a new two-floor store in Marylebone.

The firm is the latest in a line of retailers having a tough time.

Agent Provocateur, which collapsed earlier this year, was recently acquired by an investment vehicle owned by Mike Ashley, the owner of Sports Direct. Jones the Bootmaker, one of the oldest names on the British high street, was put up for sale by its private equity owners last month. And L’Oreal is said to be mulling a sale of The Body Shop, which it acquired about 10 years ago.

Find retail businesses for sale.


Share this article



Latest Businesses for Sale

Major Innovator of Job Search Technology & Related Platforms
East of England, UK

One of the top job search portals - developed in-house - with over 1m UK-based vacancies available from employers operating in nearly all sectors across the UK. Also develops & operates a series of complementary platforms & mobile apps for use within...

Asking Price: Offers Invited
Turnover: £3,400,000

Supply of Flanges, Butt Welds & Machining
UK Wide

Manufacture and supply of high quality, hard metal, flanges and butt welds with machining services. Enviable reputation. Niche offering. Long standing relationships with suppliers. In-house manufacturing capabilities. Diverse client base including m...

Asking Price: Offers Invited
Turnover: £1,100,000

Road Surfacing & Civil Engineering Contractor
Scotland, UK

Public and private sector road surfacing and civil engineering contractor with a prestigious Royal Warrant for Road Maintenance. Provides roadworks, groundworks and civil engineering services. Diverse customer base including Royal Estates, local auth...

Asking Price: Offers Invited
Turnover: £3,800,000


View more businesses for sale

News Search

Latest News

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

 
15
 
Jan
 

Hawk Plant enters administration | ADMINISTRATION

The Shropshire company, that has previously undertaken landm...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
26
 
Mar
 

Prezzo announces closure of 94 restaurants | BUSINESS SALE

The Prezzo restaurant chain has announced that creditors hav...

 
24
 
May
 

Women's fashion brand owner seeks sale, or risks administration | BUSINESS SALE

A women’s fashion label owner is on the hunt for a cas...

 
11
 
Apr
 

Historic fashion chain Jaeger falls into administration | ADMINISTRATION

Historic fashion chain Jaeger, which has counted models, roy...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources