Jobs fears at Outlet retailer
High-end designer brand Jaeger has gone into administration, putting hundreds of jobs at risk.
Directors at the company, which has stores at the Ashford Designer Outlet and at Bluewater and in Tunbridge Wells, appointed administrators Alix Partners on Monday after failing to sell the chain.
The British retailer has 46 stores and 63 concessions employing 680 people.
The designer store, owned by Better Capital, has been on the market for around £30 million but has failed to sell.
Joint administrator Peter Saville said: “Regrettably, despite an extensive sales process, it has not been possible to identify a purchaser.
“Our focus now is on identifying an appropriate route forward and working with all stakeholders to do this.”
The business will continue to trade while administrators decide what to do.