Fri, 17 Mar 2017 | ADMINISTRATION
It is hoped a buyer can be found for historic footwear and accessories retailer Jones Bootmaker, which is on the cusp of falling into administration.
Alteri Investors, the firm’s private equity owner, is reported to have filed a notice to appoint administrators to the company, placing 1,145 jobs at risk.
Jones Bootmaker was established in 1857 when Alfred and Emma Jones opened their footwear shop in Bayswater, London. Today the firm, headquartered in Leicestershire, has more than 120 stores across the UK.
The firm is thought to be struggling financially as its tries to cope with incoming business rate rises and price hikes brought about by the collapse of the value of the pound following the Brexit vote.
The move to appoint administrators is designed to give Jones Bootmaker breathing space from creditors looking to recover debts from the company while a new owner is found.
Sky News reported that while there is a risk of the retailer falling into administration, Alteri, together with advisors KPMG, are said to be in discussion with several buyers, with “credible” offers on the table.
Alteri acquired Jones Bootmaker, together with the Brantano brand, in 2015.
Find retail businesses for sale.
You can subscribe to the Business Sale Report here
This Independent Financial Advisory firm is jointly owned and are looking at business succession planning for when one of the directors decides to fully retire in 2-3 years’ time whilst the other director is looking to stay on post sale as an adviser...
This directly authorised IFA firm with a well-placed office location has a team of Financial Advisers, Mortgage Advisers and Support Staff. They place high emphasis on client service and providing long term financial planning to support their current...
The company offers a wide range of non-surgical aesthetic treatments and skincare products to its affluent individuals Operating for over a decade, the business has built a loyal client base, of whom 75% provide repeat custom on a continual basis.
LEASEHOLD
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
24
|
Apr
|
Middlesbrough metal recycling firm acquired from administration | BUSINESS SALE
Cupral Group Limited, a metal recycling business based in Mi...
24
|
Apr
|
Automotive parts supplier secures PE backing | BUSINESS SALE
Rimmer Bros, a Lincoln-based restorer and supplier of replac...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.