
After frantic efforts to save it, Jaeger has fallen into administration with no buyer found to rescue a chain that had been a major name on UK high streets for most of its 133 years.
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After frantic efforts to save it, Jaeger has fallen into administration with no buyer found to rescue a chain that had been a major name on UK high streets for most of its 133 years.
There is confusion surrounding Jaeger as the week starts with its owner selling the brand's debt and a pre-pack administration deal said to be imminent. That would guarantee its future but most stores could close.
It was a close call but Jones Bootmaker appears to have been saved with 72 of its stores and 840 jobs preserved, a strong result given that administration and a fire sale appeared to beckon just a couple of days ago.
The list of bidders for Jaeger has grown and it looks like Edinburgh Woollen Mill could be in the lead with sources saying its owner’s track record of succesful turnarounds gives it a strong chance of winning the prize.
Upmarket clothing brand Jigsaw confirmed on Thursday the departure of retail director Karen Fuller after more than 32 years in the business. Kate Holt has been promoted to the role of omnichannel director.
The trade show veteran joins Capsule to oversee its women's show that is held eight times annually in four different cities. Mohr previously served as ENK's EVP of Women's and Children's Events.
2016 was a significant year for clothing maker Bagir Group, which delivered a turnaround trading performance after reversing losses racked up in the previous years.
Tiffany may have wanted to grab the headlines because of its first ever Super Bowl ad but it was the luxury jeweller’s announcement of the shock departure of CEO Frédéric Cuménal that gripped the industry instead.
The former Coach Executive Creative Director will join Tiffany & Co. as Chief Artistic Officer on February 1. Krakoff recently partnered with Tiffany as a creative collaborator.
Tiffany sales during the holiday period were "somewhat lower" than expected, due to lower consumer spending and a downturn at its NY flagship store, which the brand says was partly caused by its proximity to Trump Tower.