British high-street retailer Jaeger has gone into administration, following confirmation from the brand last week that it had filed a notice of intention to appoint administrators. It puts 700 jobs at risk in the UK, across its 46 stores, 63 concessions, London head office and logistics centre in Kings Lynn.
The directors of the 133-year-old fashion brand - which has struggled with the increase in competition between high-street retailers and the rise of online shopping in recent years, reports the BBC - are said to have appointed administrators after attempts to find a suitable buyer failed.
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