Monday, September 25, 2017

Jones Bootmaker to be sold jeopardising thousands of jobs

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British high street staple Jones Bootmaker has been put on the market as its owners look to offload the retailer, according to The Telegraph.

Having bought the retailer in 2015 in an attempt to turn around its fortunes, Alteri Investors have reportedly reached out to KPMG to discuss options for the future of the 160-year-old company.

These including a straight sale of the shoe retailer’s 170 shops or entering administration, both jeopardising thousands of jobs.

Alteri specialise in turnarounds and has recently invested in the business’s website and new product ranges.

However, now the company is searching for fresh investment in the business amid increasingly difficult future conditions.

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