The group has acquired suit company Berwin & Berwin out of administration, adding more premium fashion brands to its growing portfolio as it continues to build the retail mix for its Days department store chain.
The bidders for Oasis, Coast and Warehouse are reported to include Philip Day, Foschini, Alteri and Truwowrths, but they are believed to have offered less than half the £100m the trio's owners had wanted.
Retail entrepreneur Philip Day has confirmed he is the mystery buyer of Jaeger. The billionaire Edinburgh Woollen Mill owner revealed the news as he opened the first of what will be a new chain of UK department stores.
The administrators of failed fashion business Jaeger delivered bad news Tuesday saying they would close 20 of its stores and cuts 253 jobs as they continue to seek a solution that can salvage parts of the business.
There is confusion surrounding Jaeger as the week starts with its owner selling the brand's debt and a pre-pack administration deal said to be imminent. That would guarantee its future but most stores could close.
Hopes that a buyer could be found for budget shoe retailer Brantano have fallen through with the firm now in administration for the second time in just over a year. There is no news on stablemate Jones Bootmaker yet.
The big news in recent weeks has been all about who will buy struggling Jones Bootmaker from Alteri. But today it seems that the private equity investor’s other footwear business, Brantano, is also a bid target.