The owners of footwear chain Shoon have appointed advisors BDO to find a buyer for the business, just a year after it was sold by turnaround firm GA Europe.
Ken Bartle and Peter Phillips, industry veterans who have backed footwear chains including Jones the Bootmaker, Stead & Simpson, Oliver Shoes and Gordon Scott, agreed a takeover of Shoon in January last year. But they have hired advisors to sell the 10-store chain because Philips is suffering from ill health, according to The Telegraph.
Shoon, which first launched in 1985, has stores across the South in locations including Bath, Guildford, Reading and Tunbridge Wells, and also trades online.
GA Retail supported a management buyout of Shoon in May 2012 after it fell into administration, as well as taking a direct stake in the business.
On its acquisiton in January last year, Bartle said: “Peter and I have been admirers of the Shoon concept since its inception and have watched its recent progress with interest. We are confident that the business has enormous potential and this deal represents a very good outcome for the Shoon brand, our customers and staff.”