Dutch retail group Macintosh has appointed banking firm BNP Paribas to find a buyer for its UK footwear businesses Jones Bootmaker and Brantano UK.
The group said it expects the sale process to take between six and nine months to complete and reaffirmed that Jones Bootmaker and Brantano UK will be sold together as one business.
Drapers revealed last month that Macintosh was selling its UK companies to raise capital to fund its core business in Europe, including Brantano Belgium and footwear retailers Scapino and Hoogenbosch Retail Group. A guide price for the sale is not yet known.
David Short, country managing director of Macintosh, told Drapers he was confident there would be a lot of interest in the sale.
“We have engaged first-class partners to facilitate the sale and I am confident that the process will bring numerous potential buyers forward. We have already had enquiries from a number of interested parties and, despite ill-informed observations to the contrary, the interest is in our total business, not its individual parts.”
He added: “We are keeping all stakeholders fully informed at each stage of the sale process. It continues to be business as usual in all other respects and I am pleased to report that we have enjoyed very robust sales in recent weeks. Everyone is fully focused on ensuring that we continue to build on the good progress made in both businesses in 2014.”
Brantano has 170 stores and concessions and Jones Bootmaker has 120 shops and concessions in the UK.