Jaeger chief executive Colin Henry has taken a leave of absence from the business for an unknown period of time, according to reports.
It is not known why Henry has taken the decision to leave, although a source close to Jaeger told Sky News that it was not for health-related reasons.
Henry joined Jaeger in 2013 from Esprit, where he was chief product officer for two years. He quickly began to implement a five-year turnaround plan for the loss-making British womenswear label.
Accounts submitted to Companies House show that Jaeger posted a loss of £6.64m in the 12 months to March 1, 2014 – an improvement on the previous year’s £7.56m loss. Sales increased 13% to £78m during the period, while like-for-like sales were up 10%.
The news comes not long after Jaeger chairman Peter Williams stepped down from his role fewer than six months after joining, telling Drapers the job needed someone with more time.
Jaeger, which has been owned by private equity company Better Capital since 2012, has 64 stores and is sold in department stores across the UK.
Read the full Drapers interview with Colin Henry from July this year.