M&S may be close to purchasing the Jaeger clothing range

CEO Steve Rowe has a vision for the future Credit: M&S Media Centre

SPECIALIST publication Retail Sector reports that Marks and Spencer is apparently close to coming to an arrangement to take over the Jaeger fashion brand from the bankrupt Edinburgh Woollen Mill group.

The name Jaeger was always synonymous with high quality classic clothing and M&S has seen that its clothing business has suffered as the market has changed and it may have lost its understanding of what is required.

According to Sky News reports, the purchase of the Jaeger stocks is part of a new vision to introduce third party brands to retain customers and attract new ones, which is why it was also interested in taking over the Victoria’s Secret UK business although that fell through.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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