Jones Bootmakers saved, but Brantano enters administration

27 March 2017 - Janet Bird

jones bootmaker store

In the same week that the high street saw one of its best known footwear retailers fall into administration, another has been rescued from the brink of collapse in a last minute deal.

Value shoe chain Brantano entered administration on March 22, two weeks after being put up for sale by private equity owners Alteri Investors.

Widely expected to follow its rival into administration, 160-year-old Jones Bootmakers was saved in an 11th hour deal that saw it bought by investment firm Endless.

Jones Bootmakers, which was also owned by Alteri, employs over 1,000 staff in the UK.

The deal with Endless will see 840 jobs and 72 stores saved. Thirty-one further stores and concessions will close with the loss of around 260 jobs.

Brantano currently has 73 outlets and 64 concessions in the UK, employing 1,086 staff.

Administrators PwC said they would continue to trade as normal while a buyer is sought but it was "inevitable" there would be redundancies.

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