Footwear retailer Mr Shoes has collapsed into administration.
The Norfolk-based shoe chain, which has 23 stores in the south of England and a transactional website, has been placed into administration. Some 60 jobs from are under immediate threat.
Mr Shoes, which stocks the likes of Skechers, Cat and Sugar, employs 130 staff in total but joint administrator David Whitehead said: “Unfortunately Mr Shoes is a victim of the recession and the problems retailers in the UK are facing. We are hopeful of keeping 14 of the stores open, unfortunately this means in the region of 60 people are likely to lose their jobs.
“On a more positive side we have high hopes of being able to find a buyer for the company as it’s a good business with a sound pedigree that has fallen foul of these difficult trading conditions.”
Mr Shoes was founded in 1978 and has an annual turnover of £7m.
Mr Shoes is owned by former Olympic runner Mike Tagg. Tagg bought footwear chain Jade out of administration in 2007.
Creditors have been advised to provide written details of their claim to Larking Gowen, King Street House, 15 Upper King Street, Norwich NR3 1RB. Or can contact Larking Gowen by telephone on 0845 450 2466.