Fashion chain Jaeger set for further expansion

UK Fashion chain Jaeger said today its sights were set on expansion at home and abroad as it unveiled a 45% rise in underlying earnings.

The 123-year-old chain outlined plans to double overseas stores and launch new lines in the UK under a revival strategy designed to cement the group’s position as a luxury British brand.

The revamp saw earnings leap to £5m (€7.4m) in the year to the end of February from £3.5m (€5.2m) the previous year, marking a turnaround in fortunes for the group which was making losses of more than £13m (€19m) just four years ago.