Sun, 10 Mar 2013 | BUSINESS SALE
Family-run shoe shop chain DE Shoes has put its outlets on the market in an effort to save the business from the impact of further trading woes on the high street.
Trading for 146 years, Dundee-based DE Shoes has 31 shops across the UK, with over 200 staff.
The retailer said that custom to the shop had risen since its difficulties had been revealed, perhaps in an attempt to offer support for local businesses.
Robert Sinclair, DE Shoes’ managing director, told the BBC that there was a “great opportunity” for willing buyers to rescue the 31 shops. A formal 90-day consultation with employees about the firm’s future was ongoing, he added.
Back in early January it was reported that DE Shoes had taken the step of asking staff to take voluntary redundancy to help reduce its costs.
Mr Sinclair commented at the time, “Retail is going through an incredibly difficult time at the moment. The directors have been continually exploring how we could change the business model to ensure we got back to profitability.”
In regards to the 90-day consultation he said, “Throughout the consultation we’ll still be trading, we’ll still be paying suppliers and, if it does come to any redundancies, every employee will receive what they’re entitled to. We’ll be supporting our employees as much as we can.”
____________________________________________________________________________
Related articles:
Profit from buying a distressed business
Established in 2002, this unique restaurant business based in London is now for sale. This is a promising opportunity for a buyer due to the strong foundations set by the current owners. It is for sale on a freehold basis.
FREEHOLD
This Digital & Software business located in Reigate is now on the market. It has an excellent client base due to its fantastic reputation for service, which has built up since its launch in 2018. Only selling due to personal reasons, the current owne...
This well-regarded and relocatable Health Food business has now come to the open market. Since its establishment in 2021, the business has acquired a great reputation amongst its customers, known for its quality service and friendly staff. Both its l...
RELOCATABLE
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.