Better Capital acquires JaegerMonday, 16 April 2012
Harold Tillman, the chairman of the British Fashion Council, became the majority investor in Jaeger in 2002 taking a 70 per cent share in business, and in this deal he will retain a 10 per cent stake and will remain chairman at the retailer.
Jaeger, which has recently been in the spotlight for designing new staff uniforms at Kensington Palace, released the following statement: “The Board is pleased that Jaeger has a new owner in Better Capital, thereby securing the future of the business. The investment that Better Capital has provided will create a strong foundation on which to further develop our iconic brand.”
It has also been reported that Tillman’s other fashion business Aquascutum is also up for sale.