Jones Bootmaker is understood to be close to going under after a deal with a private equity company collapsed, putting 1,145 jobs at risk. The shoe retailer has 100 stores and a few concessions in department stores. This follows our report Saturdays when we highlighted that rival shoe retailer Brantano had fallen into administration, putting over 1,000 jobs at risk. A rise in costs since the post-Brexit fall in sterling and a lacklustre UK footwear market has hit specialist shoe stores, who are also grappling with increased pressure from stores, such as New Look, which have increased their footwear ranges.
Jones Bootmaker is understood to be close to going under after a deal with a private equity company collapsed, putting 1,145 jobs at risk. The shoe retailer has 100 stores and a few concessions in department stores. This follows our report earlier this week when we highlighted that rival shoe retailer Brantano had fallen into administration, putting over 1,000 jobs at risk. A rise in costs since the post-Brexit fall in sterling and a lacklustre UK footwear market has hit specialist shoe stores, who are also grappling with increased pressure from stores, such as New Look, which have increased their footwear ranges.