UK fashion brand Jaeger is set to close 20 stores and cut over 200 jobs, administrators confirmed today.
The retailer went into administration earlier this month after owner Better Capital failed to find a buyer for the brand. Alix Partners has been appointed to handle the administration.
Locations where stores are closing include Bluewater shopping centre, two shops in Canary Wharf and one in Oxford.
In a statement confirming the closures, joint-administrators Peter Saville, Ryan Grant and Catherine Williamson said: “Following consultation with all appropriate stakeholders it has become apparent that the operating costs of a number of stores are financially unviable given the companies’ difficulties.
“We appreciate that this is a particularly unsettling time for all concerned and would like to go on record to express thanks for the commitment and professionalism shown to date by Jaeger staff.”