stead news and archive

Stead & Simpson in management buyout

British shoes chain Stead & Simpson has been bought out by its management in a deal valued at £51.4 million. The transaction, which was funded by the Bank of Scotland and led by chief executive David Lockyer and finance director Peter Foot, involved the buyout of investor Development Securities Plc, a London building firm which bought into the...

Fashion

Stead & Simpson Heading For Floatation

Stead & Simpson, one of the UK's longest-established retailers, is considering a stock market float or sale as part of a review of options for the business. Development Securities, the investor which holds 38 per cent of the company, has appointed Clearwater Corporate Finance to carry out a strategic review which will consider a wide range of...