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Timeline: A recent history of Jaeger

Stewart Binnie, the executive chairman of premium womenswear retailer Jaeger, is standing down after just nine months in the role. Drapers takes a look back at the retailer’s recent history.

January 2008 - Jaeger chairman Harold Tillman is appointed chair of the British Fashion Council

May 2008 - Sales at the retailer climb 16% year-on-year to £82.2m

May 2008 - Tillman appoints UBS to complete a strategic review of the business as he mulls a potential sale

September 2009 - Tillman acquires luxury British heritage brand Aquascutum

February 2011 - Jaeger put up for sale by Tillman for an estimated £100m

April 2011 - Tillman withdraws the retailer from the market after receiving offers that were said to be too low

October 2011 - Jaeger opens the doors of its first men’s standalone store

January 2012 – The retailer posts a £1.4m fall in pre-tax profits for the year to February 28, 2011

March 2012 – Jaeger puts its 25-strong head office team into consultation as part of a review of the business

April 2012 – Investment vehicle Better Capital acquires a 90% stake in Jaeger for an undisclosed sum. Harold Tillman, who previously had a 70% share in the business, retains a 10% share

May 2012 – A further consultation is announced with a possible 80 roles facing redundancy as part of Better Capital’s plans to turn the business around

June 2012 – Stewart Binnie, who had been consulting at Jaeger since April, takes up a full-time strategic role at the business

October 2012 - Harold Tillman formally leaves Jaeger, with Binnie taking on the role of executive chairman of the business

November 2012 – Jaeger poaches senior Burberry designer Collette Brown to head up its womenswear design team

March 2013 – Stewart Binnie stands down

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