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Marks & Spencer has purchased the Jaeger brand from its administrators as part of a strategy to bolster its clothing division with new names.

UK retailer Marks & Spencer has confirmed it has bought the Jaeger fashion brand out of administration for an undisclosed sum, with the transaction due to complete later this month.  related to Apparel, Deals, Retail, Sourcing, Marks & Spencer,

BBC News By Emma Simpson image copyrightGetty Images Marks & Spencer has announced that it has bought the Jaeger fashion brand, which fell into administration last November. M&S is taking on the brand, but not Jaegers scores of shops and concessions. It is now in the process of finalising a deal to buy its products and "supporting marketing assets". M&S announced in May 2020 that it planned to stock other complementary brands to boost sales. Since then, it has started to sell products onlin...

UK based retailer Marks & Spencer saw clothing and home sales drop by more than a quarter for the 13 weeks to 26 December, with the segment hurt by the on-off lockdown restrictions related to the Covid-19 pandemic. related to Apparel, Finance, Retail, Marks & Spencer,

British retailer Marks & Spencer has purchased the Jaeger brand from its administrators as part of a strategy to bolster its clothing division with new names, it said on Monday.

Marks & Spencer today confirmed it has bought fashion brand Jaeger, which collapsed into administration last year.

The retailer says its outlook could also be affected by "potential tariffs" on part of the range it exports to the EU.

TOP NEWS: M&S Clothing In Bruising Festive Lockdown Hit But Food Grows Fri, 8th Jan 2021 07:58 (Alliance News) - Marks & Spencer Group PLC on Friday said its Christmas trading was "robust" though a nationwide lockdown in England proved costly, causing revenue in its Clothing & Home unit to tumble more than 40% in November alone. For the whole of the retailers third quarter ended December 26, group revenue fell 8.4% yearly to GBP2.77 billion. In the UK arm alone, revenue fell 8.2% to GBP2.53 bi...

The retailer says its outlook could also be affected by "potential tariffs" on part of the range it exports to the EU.

Marks & Spencer's clothes sales overall fall nearly a quarter, but pyjamas are back in fashion.