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Timeline: Irisa Group and Jacques Vert

With the news this week that Jane McNally, former chief executive of Alexon Group and current deputy chief executive of Jacques Vert, is to step down from her role with the business, Drapers takes a look back at the recent history of the womenswear group

August 2012 – Jacques Vert announces that Jane McNally is to step-down from her role as deputy chief executive of the combined Jacques Vert/Irisa businesses after overseeing the integration of the two businesses

May 2012 – Irisa Group (formally Alexon) is re-branded as Jacques Vert following the merger of the two businesses earlier in the year and the combined business announces that it is placing 200 staff into consultation ahead of a potential office relocation of Irisa Group’s head office in Luton

April 2012 – Irisa and Jacques Vert announce that the combined business has made two directors redundant. John Boyle, who was chief financial officer at Irisa Group (previously Alexon Group) since October 2009, left in March 2012, while Pauline Brown, HR director at Jacques Vert, left in April

January 2012 – It is announced that private equity backer Sun European is to combine its recently acquired Irisa and Jacques Vert businesses into one combined womenswear business with Paul Allen, chief executive of Jacques Vert, assuming the role of chief executive of the combined business while Jane McNally, chief executive of Irisa Group is to take on the role of deputy chief exec

January 2012 – Sun European announces that it is to merge the back office functions of its two new acquisitions, Jacques Vert and Irisa Group, fuelling speculation that the two businesses may be fully merged

December 2011 – Private equity firm Sun European makes an offer to acquire womenswear business Jacques Vert for an undisclosed sum

December 2011 – Irisa Group announces that it is to close almost a third of its standalone stores over the next few months and replace them with concessions. Irisa says it will shutter approximately 20 of its 68 stores between the end of December and March next year and that the closures will mainly be at its plus-size Ann Harvey fascia

October 2011 – Alexon Group is renamed Irisa Group as its new owner, Sun European, vows to invest in improving operating systems and ramping up its etail offering

September 2011 – Alexon Group is acquired by private equity backer Sun European as part of a pre-pack administration deal for an undisclosed sum

September 2011 – Alexon Group falls into administration

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