// Aldo posts positive commercial performance since being acquired from administration
// The retailer was acquired by Bushell Investment Group last year
// The acquisition has saved 150 jobs and created 50 new roles
Aldo has witnessed a positive commercial performance since being acquired by an investment firm.
The footwear and accessories retailer was acquired by Bushell Investment Group last year after it fell into administration.
Aldo has reopened 12 stores across the UK including a flagship store on Oxford Street, stores in Dublin and a brand new store in Brent Cross Shopping Centre.
READ MORE: Aldo: What went wrong?
The acquisition by the investment firm has saved 150 jobs and created 50 new roles for the industry over the course of the year.
Just after one year of trading, Aldo said it has been able to implement a profitable ecommerce platform that has led the brand to return its online and a growing high street presence.
“We acquired Aldo UK during the pandemic which forced several store closures and caused difficulties across the UK footwear market,” Bushell Investment Group chief executive, Lee Bushell said.
“Our initial focus was to rebuild Aldo UK’s brand reputation and build a stable ecommerce platform.
“After achieving this, we have been delighted to also reopen 12 stores across the UK, including two stores in Ireland with further growth planned.
“It’s incredible to be able to mark the one year milestone by announcing the return of Aldo UK to Oxford Street.
“With lots of challenges across the retail market, it’s a fantastic achievement for the team to be able to continue growing.”