Home / Knowledge / News / Retail / UK retailer M&S buys Jaeger brand

UK retailer M&S buys Jaeger brand

13
Jan '21
Pic: Shutterstock
Pic: Shutterstock
Marks & Spencer (M&S) recently announced it has purchased the Jaeger brand from its administrators as part of a strategy to bolster its clothing division with new names. It is in the final stages of agreeing to the purchase of product and supporting marketing assets from the administrators of Jaeger Retail Limited and expected to fully complete the deal later this month, the British retailer said.

No figures were disclosed. Jaeger was part of Philip Day’s Edinburgh Woollen Mill Group before going into administration.

M&S chief executive Steve Rowe had said last year that the retailer would sell other brands to broaden the appeal of its business, a global news wire reported. It partnered online with Nobody’s Child in September and has also collaborated with Ghost and most recently with Early Learning Centre.

M&S recently reported another big fall in sales of clothing and homeware in the Christmas quarter as COVID-19 restrictions hit demand and closed space, factors it said were masking progress made on its turnaround plan.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Fashion | On 20th Jan 2021

UK shoppers face delays, extra fees on EU fashion items

UK shoppers are reportedly facing delays and extra fees of up to £5...

Pic: Shutterstock

Textiles | On 20th Jan 2021

German economy shrinks by 5% in 2020: govt

Germany's economy shrank by 5 per cent last year, following ten years ...

Pic: KPMG

Retail | On 20th Jan 2021

UK high streets may lose 400,000 jobs post COVID-19: KPMG

Main shopping streets in UK may further lose more than 400,000 jobs...

Interviews View All

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Bora Akris,

Bora Akris

Realkom, headquartered in Istanbul, is a fully integrated textile company...

Michael Van Den Dolder,

Michael Van Den Dolder

Family-owned German textile machinery manufacturer Trützschler operates...

Wolfgang Muller,

Wolfgang Muller

Mayer & Cie is a leading global manufacturer of circular knitting...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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


January 2021

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


Advanced Search