Up to 24,000 jobs at risk as Jaeger and Austin Reed owner prepares to appoint administrators

Edinburgh Woollen Mill Group, which also owns Peacocks, blames the ‘harsh trading conditions’ from Covid-19 pandemic

Edinburgh Woollen Mill Group, the owner of Jaeger, Peacocks and Austin Reed, is teetering on the brink of administration putting up to 24,000 of jobs at risk.

The group, controlled by entrepreneur Philip Day, has filed a notice of intention to appoint administrators, a legal document which provides protection from creditors for 10 days. The group had been seeking a buyer and will spend the next few weeks considering its options.

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