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Pod hoists the For Sale sign as footwear turmoil kicks in

Pod, the iconic footwear brand, has been put up for sale after the business was hit by the demise of Dolcis and Stead & Simpson.

Pod director Simon Dickie said he was in talks with several interested parties about selling the brand, which hit the heights in the 1990s when its clumpy styles were a key fashion item in the UK’s school playgrounds.

Dickie, who last week closed the Pod HQ in Olney, Buckinghamshire, said: “In the past few months some of our major customers have ceased trading. The knock-on effect of this, combined with the economic slowdown, has prompted our decision to sell the business.”

Pod is not the only footwear supplier to feel the heat from the collapse of high-profile footwear specialists this year. Now Shoes, which went into administration last month, was understood to have been owed £650,000 by Stead & Simpson. Other suppliers are thought to be considering joining forces to take legal action against Stead & Simpson’s administrators PricewaterhouseCoopers.

Dickie said: “Pod is in talks with several parties. The new company will offer a seamless transition and will deliver all existing and future orders.”

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