Marks & Spencer has said it has bought collapsed fashion brand Jaeger, previously part of the Edinburgh Woollen Mill stable of retailers now in administration, for an undisclosed sum.
Richard Price, head of M&S's clothing and home division, said: "We have set out our plans to sell complementary third-party brands as part of our Never The Same Again programme to accelerate our transformation and turbocharge online growth.
"In line with this, we have bought the Jaeger brand and are in the final stages of agreeing the purchase of product and supporting marketing assets from the administrators of Jaeger Retail Limited.
"We expect to fully complete later this month."
READ MORE: Edinburgh Woollen Mill owner puts two more retail chains into administration
Jaeger was placed into administration alongside sister firm Peacocks in November by Dubai-based owner and retail billionaire Philip Day.
The tycoon's EWM Group had already called in administrators for its Edinburgh Woollen Mill and Ponden Home business earlier in November.
Jaeger's online shopping operations have remained open and continued to trade as normal throughout.
Glasgow-born Ms McAnea won almost half the votes.
'Historic day' as UK's biggest union elects first woman leader
The UK's biggest trade union, Unison, has elected a woman as its leader for the first time.
Ecosse Motorcycles
Scottish motorcycle dealership cites strength of sales amid coronavirus crisis
An award-winning Scottish motorcycle dealership has secured £150,000 of funding to support it through the coronavirus pandemic, while citing sales success in difficult market conditions.
READ MORE: Ecosse Motorcycles has received the funding from Royal Bank of Scotland.
Sign up
You can now have the bulletin and the top business news stories sent direct to your email inbox twice-daily, and Business Week for the weekly round-up on Sunday:
https://www.heraldscotland.com/my/account/register/
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Last Updated:
Are you sure you want to delete this comment?
Report This Comment