The former owner of Brantano UK and Jones Bootmaker, Macintosh Retail Group, has filed for bankruptcy.
The Dutch firm that owns shoe chains Brantano (outside the UK), Manfield, Invito and Dolcis appointed JJMC Huppertz and BWGP Meijs as joint administrators on December 22.
The bankruptcy only applies to the listed holding company Macintosh Retail Group. All 550 Macintosh-owned stores across Europe are still open.
“The trustees and the financing banks are exploring all possible scenarios and are in negotiations with several interested parties to sell as many group companies as possible in the interests of employees, creditors and other relevant stakeholders,” the company said. “It is not envisaged that Macintosh Retail Group NV and its shareholders will enjoy financial benefit from any such transactions.”
In October Alteri Investors bought Jones Bootmaker and Brantano UK from their Dutch parent company for €17m (£12.2m).
Macintosh said the deal was at the lower end of the range it expected, and it made a loss of €53m (£38.2m). Proceeds from the sale will go towards repaying its debts.