Sales surge at shoe maker Hotter

PRIVATE equity-backed North West shoe manufacturer and retailer Hotter has reported soaring sales, driven by ithe growth of its retail estate and also international growth.

The Sklemersdale company, backed since late 2013 by Electra Partners after incumbent investor Gresham sold its stake in an £85m deal, saw revenues rise 18% to £88.7m and profits jump 15% to £10m in the year to the end of January.

Sales from the company’s international operations rose by 55%, but the bulk of its revenues are still f... For the full story register now for free or login below...