Brantano news and archive

FNG names Yves Pollé as interim CEO

FNG NV has announced the appointment of Yves Pollé as member of the executive board and Chief Executive Officer. The company said in a statement: “Appointment of Pollé fits within the current strategic thinking and the recovery plan on which FNG is working. His experience as transformation manager has an important added value in the further...

Business|OVERVIEW Featured

Fashion retailers who struggled to stay afloat in 2017

London - 2017 was not an easy year for most businesses - especially not for UK retailers. Economical and political uncertainty following the Brexit vote put even more pressure on consumer spending habits and retailers who were unable to execute a winning strategy found themselves in hot water. 42 major retailers went bust over the course of...

BusinessFeatured

Metis Partners initiates sale of Brantano’s IP assets

Leading UK-based shoe retailer Brantano’s intellectual property (IP) assets are being brought to market by Metis Partners, the commercial intellectual property consulting firm, on behalf of the company’s administrators, PricewaterhouseCoopers LLP. It may be recalled that Brantano entered into administration on March 22, after the company’s owner...

Business|FINANCIAL REPORT Featured

FNG Group turnover jumps to 459.8 million euros in FY2016

London - 2016 is said to have been a transitional year for fashion retail company FNG as the group saw its revenue hit 242.2 million euros, up from 74 million euros in 2015. In its annual results for its fiscal year 2016, published Wednesday evening, FNG Group noted that 2016 has been a particularly strong year in what was an economically...

Business|UPDATE

Brantano pulls the plug on online trading

London - Brantano has ceased trading online as of March 27, less than a week after the value footwear retailer was placed into administration. The move sees the retailer's administrators, PricewaterhouseCoopers, pulling Brantano's e-commerce platform offline and replacing its former transactional website with a temporary holding page. The...

Business|UPDATE Featured

Jones Bootmaker sold in pre-pack administration deal to Endless

London - Jones Bootmaker has been saved from collapsing into administration as the high street chain has been sold through a pre-pack administration deal to Endless. Jones Bootmaker was teetering on the edge of falling into administration last week when the private equity firm came through on the 11th hour and agreed to take over the footwear...

BusinessFeatured

1,086 jobs at risk as Brantano enters administration

Over one thousand jobs are now at risk as Brantano Retail Limited has entered into administration for the second time. Tony Barrell and Mike Jervis from PricewaterhouseCooper were officially appointed as joint administrators of Brantano Wednesday, following reports that Brantano was up for sale. At the point of entering administration Brantano...

Business

Shoe Zone sets its sights on Brantano

London -Shoe Zone is said to have placed a bid for rival ailing footwear chain Brantano, a week after the retailer's owners, Alteri Investors, filed a notice of intention to appoint administrators. Shoe Zone is one of the final bidders for Brantano and is reportedly up against Edinburgh Woollen Mill in its battle to acquire the ailing footwear...

PeopleFeatured

Jones Bootmaker and Brantano CEO to step down

UK footwear retailers Jones Bootmaker and Brantano have confirmed that chief executive David Short intends to step down this autumn. In a statement the footwear group said that Short was stepping down in October after completing his task of overseeing the restructuring of the group and creating a “solid platform for growth” following the...

BusinessFeatured

Brantano gets rescued a month after calling the administrators

Brantano, the shoemaker investment firm Alteri bought in last October and which called in administrators at the end of January, has seen some light at the end of the tunnel thanks to a rescue plan that will save more than 1,400 jobs. It’s noteworthy that Brantano’s collapse is the first high-profile failure on the high street this year. Alteri,...

Retail

Positions in danger at Brantano

Up to 800 positions at out of town footwear retailer Brantano are said to be at risk at the moment, as its new owner considers future options for the business. Together with sister retailer Jones Bootmaker, Brantano was acquired from Dutch company Macintosh Retail Group last October by investment firm Alteri Partners for the sum of 12.2 million...

Business

Macintosh sells off Fashion UK amidst sales decline

Macintosh Retail Group has confirmed the long awaited sale of its Fashion UK division, which includes iconic footwear chains Jones Bootmaker and Brantano. The footwear retailers were sold to British investment company Alteri Partners, a Mayfair based firm established last year aiming to invest "stressed and distressed" retailers. Backed by US...