Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing

209 jobs
Number of planned job losses
Job loss
Announcement Date
18 April 2017
Employment effect (start)
Foreseen end date

Description

Fashion retailer Jaeger entered administration on 10 April 2017. At the time of entering administration the company employed 680 workers across 48 stores. Administrators AlixPartners have failed to find a buyer for the brand and have now announced the first wave of store closures and redundancies; 209 jobs will be lost from closing 20 stores and from making reductions at the London head office and the distributors. The fate of the remaining stores has yet to be determined, though some reports suggest that it is likely that all the stores will eventually close. 


Sources

  • 18 April 2017: Belfast Telegraph

Citation

Eurofound (2017), Jaeger, Bankruptcy in United Kingdom, factsheet number 90979, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90979.