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Jaeger appoints new CEO

Jaeger has appointed former Esprit chief product officer Colin Henry as chief executive, with effect from July 15.

Henry had been chief product officer at Esprit for two and half years, after leaving the business in August 2012 to work with private equity.

Prior to joining Esprit, Henry held product roles at Nike, Umbro and Ralph Lauren, and began his career at Marks & Spencer as a merchandiser.

Nick Sanders, head of portfolio at Jaeger owner Better Capital, said: “I am delighted that Colin is joining as chief executive of Jaeger and on behalf of the whole team, I would like to warmly welcome him to the business. Over the last year, we have placed Jaeger on a positive trajectory and the business is now looking in good shape; I look forward to Colin building on this momentum in the coming months. His wealth of knowledge and experience of the retail sector, along with his strategic insight and creativity, will be invaluable in helping Jaeger to deliver its full international growth potential.”

Henry added: “I am excited about joining Jaeger given it is such an iconic British retail brand with a strong heritage. I am enthused about getting involved with the business next month as I strongly believe it has a lot of potential, both in the UK and internationally. I look forward to working closely with Better Capital and helping to continue the good progress made since it acquired the business over a year ago.”

In April 2012, investment vehicle Better Capital acquired a 90% stake in Jaeger for an undisclosed sum after the retailer put its then 25-strong head office team into consultation as part of a review of the business.

Later in October, former owner Harold Tillman left Jaeger, with Stewart Binnie taking on the role of executive chairman.

But in March of this year, Binnie stepped down.

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