Jaeger halts sale after low offers

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The owners of Jaeger have decided against selling the up-market fashion group after potential buyers were put off by the price tag of about £100m slapped on the business.

Harold Tillman, who owns 72 per cent of Jaeger, hired the investment bank Rothschild this year to consider strategic options for the group, including a sale. Rothschild then kicked off a sale process but few offers were forthcoming and Jaeger – which has 46 UK shops – rejected the ones made for being substantially below the £100m asking price. Jaeger and Rothschild declined to comment.