Home / Knowledge / News / Fashion / Leading fashion brand to increase its international footprint
Leading fashion brand to increase its international footprint
19
May '10
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.

Jaeger


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search