Billionaire Day mulls Jaeger sale after bid approaches

Billionaire Day mulls Jaeger sale after bid approaches

The retail billionaire who has become one of the industry's biggest employers by taking over a swathe of British fashion brands is exploring a sale of the Jaeger and Austin Reed labels after being approached by prospective buyers.Sky News has learnt that Philip Day, whose Edinburgh Woollen Mill Group (EWM) ranks among Britain's biggest private companies, has drafted in advisers to field enquiries about some of its best-known assets.

Sources said on Wednesday that EWM had received expressions of