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Jones Bootmaker up for sale

Jones Bootmaker has been put up for sale by its owner Alteri Investors.

Turnaround firm Alteri has appointed advisors at KPMG to explore options for the retailer including a sale or administration, according to The Telegraph.

In October 2015 Alteri Investors bought Jones Bootmaker and Brantano UK for €17m (£12.2m) from now bankrupt Dutch firm Macintosh.

In January 2016 Brantano fell into administration. A month later Alteri bought the majority of Brantano out of administration for £7m, saving 81 stores, 59 concessions and 1,372 jobs. The sale excluded 57 stores and one concession.

In September David Short stepped down as chief executive of Brantano and Jones Bootmaker, and former Arnotts CEO David Riddiford was appointed as executive chairman of the two footwear businesses.

Jones, which has 110 shops and 13 concessions in the UK, made a pre-tax profit of £315,000 for the year to December 31 2014. It made sales after exceptional items of £79.9m.

Readers' comments (1)

  • Let's hope it gets the investment it truly deserves.

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