- Huw hughes
Marks & Spencer is reportedly creeping nearer to buying Jaeger, the dropping vogue model owned by the collapsing Edinburgh Woolen Mill Group (EWM).
The deal could possibly be signed as early as this week and is anticipated to incorporate the acquisition of the model and Jaeger shares, however not its impartial shops, Sky Information reviews.
A supply near EWM proprietor Philip Day instructed Sky that a transaction with Marks & Spencer was “imminent” however added that a lot of its earlier belongings have been much less prone to be saved.
EWM additionally owned Peacocks, Austin Reed and Jacques Vert, none of that are believed to be on Marks & Spencer’s takeover record.
Like many vogue chains, Jaeger was hit onerous this 12 months by retailer closings for months.
Picture credit score: Marks & Spencer