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Fashion chain Jaeger is believed to be on the verge of administration, after it sold off its debt to an unnamed buyer (but which is reported to be Edinburgh Woollen Mill). Jaeger owner, Jon Moulton, who runs private equity firm Better Capital, acquired Jaeger in 2012 for £19.5m. But Moulton confirmed that he had sold the business’ debt for £7million in a deal that represents a loss of £62m. Last year Edinburgh Woollen Mill acquired another loss making British clothing institution, Austin Reed, from administrators AlixPartners and as a result, AlixPartners is now tipped to be handling Jaeger’s administration too.

jon moulton

See : www.theindustrylondon.com

Peter Crush for Consultor.news

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