Moulton snaps up Jaeger
FASHION house Jaeger Group has fallen into the hands of investment industry veteran Jon Moulton’s private equity firm.
Better Capital yesterday snapped up a 90 per cent stake in Jaeger in a £19.5 million deal, including debt of about £16 million.
It already owns Reader’s Digest and Everest double-glazing. Rag trade king Harold Tillman, who saved the firm from near-collapse in 2003, will retain 10 per cent and is expected to stay on as non-executive chairman.
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Moulton said Jaeger was a “tremendously strong brand”, but could be improved.