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		</div><p>Fashion chain Jaeger has collapsed into administration.</p>
<p>The group&#8217;s directors have appointed AlixPartners to oversee the process following failed attempts by the company&#8217;s private equity owner, Better Capital, to sell the struggling business.<br />
Jaeger had been on the market for around £30m (€35m).</p>
<p>However, no buyer materialised and last week Better Capital sold Jaeger&#8217;s debt to a company understood to be controlled by the retail billionaire Philip Day, who heads up Edinburgh Woollen Mill.</p>
<p>A statement by AlixPartners explained that the request was made after Jaeger was &#8220;unable to attract suitable offers despite a lengthy and well-publicised sales process.&#8221;</p>
<p>Insiders now expect most of Jaeger&#8217;s stores to close down, although the brand is likely to survive as part of the Edinburgh Woollen Mill stable, which also includes Jane Norman, Peacocks and Austin Reed.</p>
<p>Joint administrator Peter Saville, of AlixPartners, said: &#8220;Regrettably despite an extensive sales process it has not been possible to identify a purchaser for the business.</p>
<p>&#8220;Our focus now is in identifying an appropriate route forward and work with all stakeholders to do this. We will ensure that we communicate further as this process unfolds.&#8221;</p>
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