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// Jaeger to axe 103 jobs and shut 13 outlets
// It comes after Jaeger fell into administration final week, together with EWM Group stablemate Peacocks
// Directors proceed to seek for a purchaser for Jaeger however its retailer rely has been diminished to 63
Jaeger has mentioned it is going to axe 103 jobs and shut 13 shops, every week after falling into administration.
The style retailer mentioned it has reduce 47 in-store positions and 56 head workplace and distribution roles as a part of a restructuring.
The chain was positioned into administration final week by guardian firm Edinburgh Woollen Mill Group (EWM Group), which is owned by retail billionaire Philip Day.
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Directors have mentioned they’d proceed to seek for a purchaser for Jaeger however made the cuts it was “unable to maintain its present construction”.
Jaeger has diminished its shops property to 63 retailers and concessions, and now employs 244 employees in consequence.
Day employed specialists from FRP Advisory to supervise the insolvency of Jaeger and EWM Group stablemate Peacocks, which operates 423 shops with 4369 employees.
EWM Group has additionally already positioned its Pondem Dwelling and flagship Edinburgh Woollen Mill chains into administration earlier this month.
“We proceed to carry discussions with events relating to a potential sale,” joint administrator Tony Wright mentioned.
“Regretfully, redundancies have been made throughout numerous head workplace and retailer roles.
“We’re working with employees to assist them and assist make any claims to the Redundancy Funds Service.”
Jaeger’s on-line purchasing operations, together with its on-line manufacturers Austin Reed and Jacques Vert, stay open and proceed to commerce.
with PA Wires
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