Hotter Shoes to enter stock market by end of 2021

Next month Hotter shoes will start selling its products via John Lewis online as part of its strategy to reach even more consumers.
The partnership with John Lewis is the third collaboration for Hotter in the last three months.
// Hotter Shoes the latest retailer to reveal plans to float on the stock market
// Owner Electra Private Equity will float the footwear retailer on the AIM market in Q4 this year

Hotter Shoes is to be floated on London Stock Exchange’s junior AIM market later this year after the retailer’s parent company filed a notice of its intention to do so.

Electra Private Equity said it would float the footwear retailer, along with another of its ventures, TGI Fridays, on the AIM market in the fourth quarter of 2021.

The plans for a stock market float comes after Hotter underwent a restructure through a CVA last year.


READ MORE:

 


The move led to the closure of 59 stores while another 15 had their rental agreements changed.

The CVA also saw hundreds of job cuts as Hotter shifted its focus to ecommerce.

Electra Private Equity chairman Neil Johnson said Hotter “performed admirably through the pandemic”, especially since the implementation of its direct to consumer operating model in October.

Hotter joins a fast-growing list of big-name retailers that recently announced plans to or gone ahead and launched on the stock market after enjoying success during the Covid-19 pandemic.

These include The Hut Group, Moonpig, Dr Martens, In The Style, Made.com, The Very Group, MyTheresa, and Pepco, the parent company of Poundland.

Click here to sign up to Retail Gazette‘s free daily email newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here