Tue, 18 Mar 2025 | BUSINESS SALE
Stockport-based schoolwear company The Parently Group has bought specialist children's footwear group Term Footwear.
Term Footwear was founded in 2016 by Sharon and Lincoln New when they faced a lack of choice for their own children’s school shoes.
The shoes are made from real leather sourced in New Zealand and South Africa as a by-product of open cattle farming, while the patent leathers are imported from Italy to ensure durability and a premium finish. Its product range caters to different age groups and preferences, from primary school children to teenagers, with options such as single and double touch-fastening straps, lace-ups and smart designs.
Sharon and Lincoln New will continue to work with The Parently Group to assist with the transition and share their specialist knowledge and expertise.
It is the first acquisition for Parently, a manufacturer of childrenswear which owns the David Luke school uniform brand, footwear and clothing brand Grass & Air and sportswear brand Juco.
The company is based at a three-acre site in Bredbury, Stockport, after moving from premises in Ardwick, just south of Manchester Piccadilly station. It has revenues of around £11 million and profits of nearly £3 million.
Its revenues figures came down from £14 million the previous year and it had a railway project to blame.
According to the commentary in its annual report the business suffered “significant distractions” after it was forced to move due to the threat of disruption caused by the construction of the HS2 rail line into Manchester city centre.
The accounts stated: “This led to significant distractions within the group, diverting management’s focus away from core business activities and strategic growth initiatives, and subsequently impacting trading results, as resources were allocated to managing the transition.”
Commenting on the acquisition Kathryn Shuttleworth, chief executive of The Parently Group, said: “This move into school shoes comes at a time when the school uniform market is undergoing significant changes, driven by shifting ownership models and legislative uncertainties. In these times, diversification for wholesalers and retailers is essential. Expanding our offerings builds resistance and reduces risk as markets and products evolve.”
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