Hotter owner Unbound Group confirms intent to appoint administrators
Hotter parent company Unbound Group intends to appoint Interpath Advisory as administrators to the group’s main operating subsidiary, Beaconsfield Footwear, which includes Hotter Shoes.
This comes as Unbound Group announced the end of its formal sale process at the end of last month as well as an update on its strategic review.
The footwear retailer said today in a statement on the London Stock Exchange that it is “now clear to the board that it is no longer appropriate to progress” further with discussions relating to a restructuring plan, an equity fundraise or the possibility of an acquistion of the group’s bank debt.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.