Jobs fears at Out­let re­tailer

Kentish Express Ashford & District - - Points Of View -

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.

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