The future of Harrogate’s Jaeger store is uncertain after the company entered administration today.
Parent company Edinburgh Woollen Mill has so far failed to find a buyer for Jaeger and its sister company Peacocks.
The two companies, which between them have 4,700 staff and almost 500 stores, have both gone into administration.
No redundancies or store closures have been announced yet.
At the end of last month, ‘closing down sale’ notices were displayed on the Harrogate shop front window in Cambridge Crescent.
Today’s announcement is another example of the devastating impact of the pandemic on high street retail. Local businesses had warned of the impact of a second lockdown.
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Edinburgh Woollen Mill and Ponden Homes also went into administration this month. Both had shops on Ripon high street. They also belong to the Edinburgh Woollen Mill group.
Jaeger had not replied to the Stray Ferret by the time of publication.
Questions surround future of Harrogate’s Jaeger storeQuestions surround the future of Harrogate’s Jaeger store after it has remained closed after lockdown restrictions were eased.
While other retailers have implemented social distancing measures and reopened, Jaeger has yet to let any customers back into its Cambridge Crescent outlet.
The Stray Ferret contacted Jaeger to ask if it intended to reopen and if any date was set for the return of shoppers, but did not receive a response.
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Prior to the pandemic, Jaeger’s parent company, Edinburgh Woolen Mill Group, narrowed its losses at the clothing outlet to £1.1 million and expanded its stores in 2019.
EWM Group added seven further stores and four concession outlets to its portfolio.
The upmarket retailer fell into administration and was acquired by EWM Group in 2017. The year before, the retailer recorded losses of £7.1 million.