Leading fashion brand to increase its international footprint

19 May '10

2 min read

Jaeger Group Ltd, the iconic luxury British fashion brand, announces increased profits and expansion plans.

Results For Year To 28 February 2010 :
Financial highlights:

• EBITDA increased 16% to £7.0m (2009: £6.0m)
• Sales of £85.5m (2009: £85.5m)
Current trading 12% ahead of last year

Highlights:

• Jaeger Online is the second largest store, accounting for 5% of total sales and delivering to 29 countries. A new Flagship online store to be launched in Autumn 2010
• Continued UK expansion with 2 new stores in Liverpool One and Milton Keynes and 10 concessions opened, including Harvey Nichols
• Significant expansion planned in key international markets: Europe, Middle East and North America – including Galeries Lafayette, Nordstrom and Ogilvy
• Launch in Autumn 2010 of Boutique by Jaeger, appealing to a new customer

Belinda Earl, Group Chief Executive of Jaeger, commented: “Continued investment in Jaeger has delivered improved profit performance, despite last year's challenging economic environment, with current sales ahead by 12% on last year. The increase in Jaeger's UK and international portfolio and the new online Flagship store underpins our future growth. In addition, our existing customers will have more choice through the expansion of Jaeger London – increasing both the product range and the number of stores in which it is available and we will be appealing to new customers through the launch of Boutique by Jaeger, in Autumn 2010.”

Established in 1884, Jaeger is an iconic luxury British fashion brand, renowned for designing contemporary, innovative and stylish womenswear, menswear and accessories. Fashion entrepreneur Harold Tillman acquired Jaeger in 2003 and appointed Belinda Earl, the former Chief Executive of Debenhams plc, as Group Chief Executive in September 2004.

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