Jaeger is considering strategic options, Reuters reports citing The Sunday Times. The U.K. luxury fashion brand has appointed investment bank, Rothschild, to review its options, which may include a sale of about $160.1 million.

The company, owned by Harold Tillman, has received several bids from potential buyers. Tillman hold a 72% stake in the business, while the remaining share is divided between the management, including a 20% stake held by CEO, Belinda Earl, adds The Guardian.

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