Footwear retailers Jones Bootmaker and Brantano UK have been put up for sale by Dutch parent company Macintosh Retail Group.
Macintosh said it was selling its UK companies to raise capital to fund its core business in Europe, including Brantano Belgium, Scapino and Hoogenbosch Retail Group.
Jones Bootmaker and Brantano will appoint advisers in the next two to four weeks, and the two chains will be sold as one business.
David Short, country managing director of Macintosh, told Drapers it will be “business as usual” for the next nine to 12 months until the sale goes through.
“It will take up to a year to sell the business. It isn’t a flash sale; we are not a business in distress,” he added.
“Our priority is the 3,500 employees that work for us and we have to make sure they go to a good home and the right buyer is found. The management is very committed to the business and would like to be part of its future.”
Brantano has 170 stores and concessions and Jones Bootmaker has 120 shops and concessions in the UK.