The retailer’s directors appointed administrators after failing to find a suitable buyer for the struggling High Street chain, BBC has said. Insiders now expect most of Jaeger's stores to close down, although the brand is likely to survive as part of the Edinburgh Woollen Mill stable, which also includes Jane Norman, Peacocks and Austin Reed. Better Capital, which is headed up by private equity baron Jon Moulton, acquired Jaeger for £19.5million in 2012, but the firm has struggled under difficult conditions for high-street fashion retailers. UK fashion chain Jaeger, which has a women's wear store in Saturday Market, had been on the market for around A 30m but after no buyer was found the firm was forced to go into administration.
The United Kingdom-based Jaeger fashion chain collapses into administration after failing to find a buyer.