Hotter Shoes chief executive Ian Watson and finance boss Gavin Manson have left the retailer following its pre-pack administration, Drapers reports
Watson has been at the helm of the footwear business since March 2019 and was previously CEO of children’s footwear brand Start-Rite Shoes and European managing director of German manufacturer Britax Childcare.
Manson was the retailer’s chief financial officer between August 2016 and February 2022 as well as from October 2022 onwards.
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Last week, footwear retailer Hotter Shoes was sold to lifestyle brand WoolOvers Group in a pre-pack administration deal for £6.7m, which will see all 421 employees as well as 27 stores and concessions transferred to the privately owned fashion brand.
Earlier this month Unbound revealed it was at risk of collapse as it sought to secure up to £2m in emergency funding from shareholders.
The retailer drafted advisors from Interpath last last month to start preparing emergency restructuring plans after it terminated a formal sale process of its Hotter Shoes brand.
“Following an extensive exploration of options, it became clear that it would not be possible to conclude a transaction on a solvent basis,” the administrator said.
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