Phillip Day to snap up Jacques Vert

Retail boss Phillip Day is said to be preparing to add womenswear brand Jacques Vert to his retail portfolio, which has already seen the recent addition of Jaeger.

Day will look to acquire the struggling brand through a separate company to Edinburgh Woollen Mill according to Sky News.

The deal for Jacques Vert is said to not have any bearing on Day’s interest in House of Fraser. The retail tycoon has made a name for himself through snapping up big names directly from administration.

Any deal for House of Fraser is expected to take place through an insolvency process such as a pre-pack administration.

Jacques Vert administrators Duff and Phelps are expected to announce the deal this week according to same news source. Details of the deal including the price are not yet known.

Day’s latest deal which saw the takeover of Jaeger also saw the retail boss take up the reigns at a number of Calvetron’s smaller brands such as Windsmoor.