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Published
Feb 28, 2017
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Jones Bootmaker is for sale, administration could beckon if no buyer found

Published
Feb 28, 2017

In a year that is seeing a number of UK brands potentially changing hands, the latest is Jones Bootmaker, which has been put up for sale by owner Alteri Investors.


Administration could be an alternative if no buyer emerges for Jones Bootmaker



And like high-end lingerie firm Agent Provocateur, it seems the alternative to a sale could be administration for the 160-year-old company.

Alteri, which is a turnaround specialist, does not appear to have worked its magic on Jones and has appointed KPMG to oversee options for the business, according to reports.

The Hinckley, Leicestershire-based firm has around 170 stores and employs several thousand people. Alteri has invested in it since its acquisition but much of the focus has been online with a website revamp and the launch of click & collect.

Jones has only been owned by Alteri since autumn 2015 when it was acquired from failed Dutch company Macintosh for €17m along with footwear chain Brantano UK. It also saw a management shake-up recently as the CEO of both chains, David Short, stepped down with David Riddiford becoming executive chairman in September 2016.

 

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