Jaeger Retail Limited (10689343): administration
- Status
- In administration
- Administration began
- 2020-11-19
- Administrators
- Anthony John Wright, Alastair Massey
- Administrators' firm
- FRP Advisory
- Formerly
- AB Retail Stores Limited
- Incorporated
- 2017-03-24
- Location
- Brentwood
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- COVID-19
- Property / lease costs
- Sustained trading losses
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Parent or group failure
From the administrators' statement
Jaeger Retail Limited was incorporated on 24 March 2017 and is an English fashion brand and retailer of menswear and womenswear that is known for its traditional designs and use of high-quality natural textiles.
Formerly owned by the retail entrepreneur Harold Tillman, JRL was acquired by a private equity firmin 2011. On 10 April 2017, the company entered into an administration process and Edinburgh Woollen Mill subsequently bought the Jaeger assets. The brands/IP were acquired by third-party brand ownership companies, who provided a licence to Jaeger to sell branded stock.
The Company’s head office is located in Castle Street, Carlisle and its warehouse and distribution centre is based in Seaham, County Durham. At the date of the Administrators’ appointment it operated 82 retail stores and concessions throughout England, Scotland, Northern Ireland, Republic of Ireland and Channel Islands. The
Administrators' statement of proposals (2021-01-26) · Companies House register