Hotter owner eyes sale of footwear retailer

Hotter shoe making machine

Hotter parent company Unbound Group has launched a strategic review and drafted financial advisers as it is understood to be mulling the sale of the footwear retailer.

The group said it has appointed Interpath Advisory and Singer Capital Markets Advisory LLP to “act as joint financial advisers” to manage the review and formal sale process, and it is now in an “offer period” under the Takeover Code.

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