Fashion chain Jaeger has collapsed into administration, putting 680 jobs at risk. Jaeger employs about 680 staff across 46 stores, 63 concessions, its head office in London and a logistics centre in King’s Lynn. Insiders now expect most of Jaeger’s stores to close down, although the brand is likely to survive as part of the EWM stable, which includes Jane Norman, Peacocks and Austin Reed. Jones Bootmaker was rescued by Endless in a pre-pack administration deal last week and 99p Stores was placed into administration in March. “Jaeger has relied on its concession model but it’s clear that having a bricks and mortar presence on the high street – even in this cost-effective way – is no longer enough.

Source: The Guardian April 10, 2017 17:07 UTC