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 project represents the opportunity to acquire a traffic management service which has achieved extraordinary growth since its inception in 2022. The business has already managed to build strong relationships with their clients, many of whom retur...
Established in 2004, the business surpassed £1m in annual revenues for the first time in 10 years. This followed a decision made a decade ago to focus the company on more profitable and specialised work. The approach has been very successful and the...
This is a truly unique opportunity to acquire a market-leading company that has operated and evolved in a specialised technological sector for over 20 years. With their rich and longstanding history, the business has managed to build an impressive an...
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.