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Owner of footwear retailer Treds mulls sale

The owner of multi-brand footwear retailer Treds is considering a sale of the business, Drapers understands.

Owner Steve Kavanagh founded the chain, which has around 30 shops in the UK and stocks brands such as Birkenstock, Vans, Dr Martens and Skechers, in 1996. Schuh and JD Sports Fashion have been linked to rumours of a possible buyout in the past.

Treds’ store network is concentrated in the Southwest, Midlands and south coast, with its most northern shop located in Blackburn, Lancashire.

One brand stocked by Treds, which confirmed that the chain is for sale, told Drapers: “It’s a good business; it will be interesting to see who picks it up.”

However, a spokesman for another brand suggested Treds may struggle to sell some of its stores: “They have a lot of West Country stores that are a lot quieter than others. We would do a couple of hundred pairs in the Blackburn store on a Saturday, but only 10% of that in the Bath or Bristol shop.”

He added: “There were rumours that they were looking at selling to Schuh a few years ago, but that didn’t happen.”

The company, which opened its first branch in Weymouth in 1996, reported sales of £14.4m for the year to March 31, 2013. Operating profit for the period was £496,430.

Treds could not be reached for a comment.

@JillGeoghegan

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