Tillman mulls Jaeger sale

LUXURY fashion brand Jaeger may be put up for sale by owner Harold Tillman, after he received several approaches for the 126-year-old brand.

Tillman, who also bought luxury label Aquascutum in 2009, has appointed investment bank Rothschild to consider strategic options for Jaeger, which may include an outright sale worth £100m, according to weekend reports.

Fashion entrepreneur Harold Tillman bought Jaeger in 2003 for a small sum and was joined a year later by chief executive Belinda Earl, a former boss of department stores group Debenhams.

When Tillman took over the brand had annual losses of £12m. The retailer now has more than 40 stores in the UK and its last results showed earnings of £7m on sales of £85.5m.