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Tillman considers sale of Jaeger

Harold Tillman has appointed UBS to complete a strategic review of his Jaeger fashion business which could lead to him selling the chain.

The Sunday Times said that Tillman, who owns 70% of the brand, had received a number of approaches for Jaeger.

Tillman bought the loss-making Jaeger business in 2003 and drafted in Belinda Earl, the former chief executive of debenhams“>Debenhams, to lead the recovery of the brand in 2004. Last week Jaeger reported sales up 16% to £82.2m for the year ended February 23 and EBITDA rose 22% to £6.1m over the year.

Tillman told The Sunday Times: “The label will be 125 years old next year and we have an enviably strong brand. I am often approached about my various business interests and it is important to constantly reassess your position.”

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