Former Jaeger owner blames banks for fashion chain collapse – Telegraph.co.uk
Harold Tillman, the former Jaeger owner, has reignited his bitter row with Lloyds and Better Capital, blaming them for the fashion chain’s collapse.
He said the 133-year-old fashion chain’s treatment had been “dreadful” and accused Jon Moulton, Better Capital’s founder, of running it into the ground.
Earlier this month the Jaeger collapsed into administration. Its debt was sold for just £7m to a unnamed buyer, believed to be billionaire Philip Day. He owns a retail empire which includes Edinburgh Woollen Mill. Better Capital is thought to be nursing a loss of at least £23m on the deal.