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Jaeger suppliers demand creditors' meeting

A group of suppliers who claim to be owed millions of pounds following Jaeger’s demise have formally requested a creditors’ meeting with the retailer’s administrators.

The group – led by César Araújo, owner of Portuguese textile group Calvelex, which has supplied Jaeger for more than 20 years – wants to meet with administrators Peter Saville, Ryan Grant, and Catherine Williamson of AlixPartners to hear their proposals for unsecured creditors.

It comes after the suppliers had submitted a bid to buy the entire Jaeger business and continue to trade it as a going concern. However, the approach was dismissed by AlixPartners, as the Jaeger trademark had already been snapped up by Edinburgh Woollen Mill Group.

Jaeger went into administration on 10 April. A week later, it announced it was closing 20 stores and making 209 redundancies across its head office, distribution centre and store network.

Readers' comments (2)

  • Waist of oxygen!

    These boys have it all tied up.

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  • 12 of the supposed closures are still trading in a closing down state despite the company being sold, with no information of when they are going to finally close - staff are being treated dreadfully - due to lack of any feedback.

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