Luxury British fashion brand Jaeger has posted a 16 per cent rise in total sales to £82.2 million for the year to February 23. EBITDA was up 22 per cent to £6.1 million.
Jaeger reported “strong” sales of its Jaeger London menswear, womenswear and accessories.
During the year Jaeger opened stores in London and Ireland and refitted 11 others.
Its transactional web site, which launched in autumn/winter 2006, now ranks among its top five stores.
Jaeger also accelerated its expansion in retail, franchise and wholesale over the year and entered markets including the US and Australia. In January, it signed a franchise agreement in the Middle East with Speciality Fashion Group Company of Kuwait to open eight Jaeger franchise stores in Kuwait, Bahrain, Qatar, Lebanon and Saudi Arabia over the next five years.
Jaeger group chief executive Belinda Earl said: “We are delighted with another year of increased sales and profit. We are committed to ongoing investment in the Jaeger brand. Our plans for expansion continue, particularly overseas. Showing at London Fashion Week in February was an important milestone in reaching new customers.
“Looking ahead, we have another important year with continued investment in our store portfolio through openings, refits and entering markets. We recently launched our new reward card and continue to expand the product offer to broaden the appeal and reach of Jaeger.”
As of April, Jaeger has 132 shops in the UK and operates in 15 countries outside of the UK. The majority of Jaeger stores have been earmarked for modernisation by the end of this year.