Jaeger brand to survive through Cumbria The group's directors have appointed AlixPartners to oversee where to buy louis vuitton agenda refills the process following failed attempts by the company's private equity owner, Better Capital, to sell the struggling business.
Jaeger which employs around 680 staff across 46 stores, 63 concessions, its London head office and a logistics centre in Kings Lynn had been on the market for around 30 louis vuitton purses official website million. No buyer materialised and last week Better Capital sold Jaeger's debt to a company understood according to the Press Association news agency to be controlled by the retail billionaire Philip Day, Cumbria's richest man, who heads up Edinburgh Woollen Mill. A statement louis vuitton alma vernis yellow by AlixPartners explained that the request was made after Jaeger was "unable to attract suitable offers louis vuitton alma for sale despite a lengthy and well publicised sales process." Insiders now expect most of Jaeger's stores to close down, although the brand is likely to survive as part of the Edinburgh Woollen Mill stable, which also includes Jane Norman, Peacocks and Austin Reed. Joint administrator Peter Saville, of AlixPartners, said: "Regrettably despite an extensive sales process it has not been possible to identify a purchaser for the business. "Our focus now is in identifying an appropriate route forward and work with all stakeholders to do this. We will ensure that we communicate further as this process unfolds." Better Capital, which is headed up by private equity baron Jon Moulton, acquired Jaeger for 19.5m in 2012 but the firm has struggled under difficult conditions for high street fashion retailers. Last year the firm said that total annual sales fell from 84.
2m to 78.4m, while it booked a pre tax loss of 5.4m, according to accounts filed at Companies House.
Prev: louis vuitton bags names
Next: refills for louis vuitton small agenda