asos 1024x536 - Jaeger Bombs and Asos Booms

Jaeger Bombs and Asos Booms

In our weekly look into the world of business, Eve Lakin from our corporate & commercial...

Back to News and Events

Jaeger Bombs and Asos Booms

5th April 2017

News : Commercial

In our weekly look into the world of business, Eve Lakin from our corporate & commercial department, takes a look at the online fashion industry…

Fashion brand Jaeger is tipped to enter administration after more than 100 years trading on the British high street.

The retailer was purchased for £19.5million in 2012 by private equity firm Better Capital but is expected to be sold again, this time to Edinburgh Woollen Mill (EWM) for an undisclosed sum. It is believed that EWM intends to close the majority of Jaeger’s twenty five stores and to instead focus on online sales.

The news is indicative of the general malaise on the high street with stiff competition from online retailers such as ASOS who this week reported a major hike in UK sales for the first half of the year.

The message is clear: retailers must invest in their online offering if they want to future-proof business.

arrow-down-white arrow-left-white arrow-right-white arrow-right call cloudicon_laptop_add icon_purchase_new icon_purchase_standard icon_quill icon_remortgage icon_sale_purchase icon_sale icon_tick phone-call search settlement-icon skull social_facebook social_instagram social_linkedin social_pinterest logo-twitter-glyph-32 social_youtube speedo stars tail-right (1)Created with Sketch. tail_right tick_circle_green tick_circle wave-smaller Mask