
No surprises Shoe Zone joined the lengthy list of struggling firms when the UK’s largest value footwear retailer reported its financial results for the 52 weeks ended 3 October on Monday.
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No surprises Shoe Zone joined the lengthy list of struggling firms when the UK’s largest value footwear retailer reported its financial results for the 52 weeks ended 3 October on Monday.
Struggling UK footwear giant Clarks could be about to strike a deal to sell a stake to a private equity company. And the sale could mean the end to more than two centuries of majority ownership by the founding family.
Belgian-Dutch fashion group FNG is currently in talks to take over Dutch footwear production company Henkelman Group.
In the first half of 2018, Belgian-Dutch fashion company FNG Group recorded a revenue of €251.1 million. The group said that the focus on digitalization and rollout of new concepts contributed to its strong results.
Belgium’s FNG Group is moving its stock to an automated warehouse in Zoetermeer, the Netherlands. With the news system, the group is able to save costs while working more efficiently with its online partners.
Shoe Zone was upbeat on Tuesday, despite reporting falling sales for the year to September 30 with the reason behind the sales fall being its planned store closure programme.
First it was Shop Direct calling off its mega-billions sale and now Kaupthing is believed to have ended the bidding process for its trio of key (but far less valuable) UK fashion brands, Oasis, Coast and Warehouse.
Up-for-sale trio Oasis, Coast and Warehouse will make headlines in the weeks ahead with their most likely buyer being an Indian entrepreneur.
The bidders for Oasis, Coast and Warehouse are reported to include Philip Day, Foschini, Alteri and Truwowrths, but they are believed to have offered less than half the £100m the trio's owners had wanted.
As more UK retailers go under, some of them to emerge quickly from administration, some suppliers are angry about regulations that leave them heavily out of pocket while failed businesses start again.