The fashion chain is expecting to close 13 of its store and make 103 job cuts, with 47 of these being in-store positions and 56 head office and distribution positions.
Jaeger was put into administration last week by Philip Day and as of yet, no buyer has come forward for the business. The difficult decision has been made to close the stores and make job cuts in the hopes that this will make the business more appealing to a buyer as the administrators commented that the fashion brand were ‘unable to sustain its current structure’.
The 13 stores that will be affected are Banbridge, Bideford, Birmingham’s Great Western Arcade, Bourton-on-the-Water, Braintree, Bury St Edmunds, Castelford, Hatfield, Marlborough, Newcastle’s Fenwicks, Sailsbury, Sterling Mills and Talke.
Following the closures, the company will operate 23 stores and concessions and employ 244 people.