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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.