The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
209 jobs Number of planned job losses
Announcement Date
18 April 2017
Employment effect (start)
Foreseen end date
Description
Fashion retailer Jaeger entered administration on 10 April 2017. At the time of entering administration the company employed 680 workers across 48 stores. Administrators AlixPartners have failed to find a buyer for the brand and have now announced the first wave of store closures and redundancies; 209 jobs will be lost from closing 20 stores and from making reductions at the London head office and the distributors. The fate of the remaining stores has yet to be determined, though some reports suggest that it is likely that all the stores will eventually close.
Sources
18 April 2017: Belfast Telegraph
Citation
Eurofound (2017), Jaeger, Bankruptcy in United Kingdom, factsheet number 90979, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90979.
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