The new owners of footwear retailer Shoon plan to double the size of the business over the next two years.
Footwear veterans Ken Bartle and Peter Philips, who previously owned Jones Bootmaker, this week bought the 10-store business, including its undisclosed debt, from restructuring specialist GA Europe. Shoon went into administration in February 2012 but was later saved in a management buyout supported by GA Europe.
Bartle told Drapers the managerial team, led by managing director Stephen Sanders, would stay in place at the retailer, which has stores across the South including in Bath, Guildford, Reading and Tunbridge Wells.
He added: “We think it needs a period of stability now and Peter and I can do that.
“We would like to expand it because the present size is too small. It needs to be twice the size it is. This can be done perhaps by getting another acquisition and bolting it on or picking up shops in towns that it doesn’t have stores in already.”
Shoon will imminently appoint retail property consultant KLM to find new units.
Bartle said they would “draw a line from Essex through to Herefordshire” to find suitable sites, including Bury St Edmunds and Oxford.
The new owners will also explore further expansion via concessions in department stores to add to the four it already has.
Bartle, who has recently joined forces with ex-Hush Puppies boss David Rist to distribute the US Polo
Assn footwear line, added: “I also feel we can strengthen the offering as far as footwear, handbags and accessories are concerned.”