LONDON — Colin Henry has been named chief executive officer of Jaeger, which was acquired by the private equity firm Better Capital in April, 2012.
This story first appeared in the June 21, 2013 issue of WWD. Subscribe Today.
Henry, who will take up his new post on July 15, was formerly chief product officer at Esprit, and has held senior management roles at Umbro, Ralph Lauren, and Marks & Spencer.
He is Jaeger’s first chief executive since the acquisition.
“I am delighted that Colin is joining as ceoof Jaeger,” said Nick Sanders of Better Capital. “Over the last year, we have placed Jaeger on a positive trajectory, and the business is now looking in good shape; I look forward to Colin building on this momentum in the coming months.”
Henry said: “I am enthused about getting involved with the business next month as I strongly believe it has a lot of potential, both in the U.K. and internationally. I look forward to working closely with Better Capital and helping to continue the good progress made since it acquired the business over a year ago.”
As reported, Better Capital paid 19.5 million pounds, or $30.9 million at the time, for a large majority stake in the struggling company formerly owned by Harold Tillman.
Belinda Earl served as ceo of the company when it was owned by Tillman, who is the former chairman of the British Fashion Council.