Jones Bootmaker rescue deal stalls, say reports

The deal to save East Midlands based footwear retailer Jones Bootmaker has stalled, according to reports.

Sky News says that talks between Jones’ owner Alteri and fellow private equity house Endless, have broken down – hours after a deal appeared to be on the table.

Endless is thought to have been interested in buying Jones’s 100 standalone stores and concessions.

Sky says that Alteri was looking for a better offer from Pavers, another footwear chain, but said that would mean putting Jones into administration and selling the business via a pre-pack.

Reports suggest that Alteri could liquidate Jones, meaning that its 1,100 employees would almost certainly be without a job.

The news comes just after sister firm Brantano was placed into administration by Alteri.

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