Leicestershire shoe giant up for sale

Leicestershire-based Jones the Bootmaker, one of the most historic names on the high street, has been put up for sale by its owners.

Reports suggest that the firm’s turnaround owners Alteri Investors have asked KPMG to either look for a buyer for the 160-year-old company – or even put the firm into administration.

The news puts in doubt the future of thousands of employees and 170 shops.

Alteri bought Hinckley-based Jones the Bootmaker two years ago for £12m in a deal that also included Brantano, the brand which has since been put through a pre-pack.

Alteri has spent money on a new head office for Jones the Bootmaker and a revamped website offering click and collect services.

Last September, Alteri named retail veteran David Riddiford as Jones’s new chief executive.

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