Jaeger executive chairman Stewart Binnie has left the premium fashion retailer, after just nine months at the helm.
The former Aurora Fashions president was drafted in to Jaeger in June last year to lead a turnaround of the business, after it was bought by Jon Moulton’s private equity vehicle Better Capital. Drapers sister title Retail Week has reported that Binnie has now left the retailer after less than a year.
Better Capital acquired 90% of the retailer in a £19.5m deal in April last year. Former majority shareholder, fashion veteran Harold Tillman had kept the remaining 10% stake and stayed on as chairman but eventually left the business in October.
Binnie told Retail Week last October that he was focusing on growing Jaeger’s international business, which included returning to Japan with standalone stores by winter this year. He said that he hoped by that time to have international product, some key relationships in place and a handful of stores ready to open.
Jaeger declined to comment and Better Capital was unavailable for comment.