UK’s big­gest shoe­maker Hot­ter Shoes bailed out

The Daily Telegraph - Business - - Business -

Land­lords have bailed out Bri­tain’s big­gest shoe­maker, Hot­ter Shoes, un­der a res­cue deal that will see three quar­ters of the com­pany’s 1,200 staff lose their jobs. The com­pany, which is owned by pri­vate eq­uity firm Elec­tra, is clos­ing all but 15 of its 61 stores un­der a com­pany vol­un­tary ar­range­ment (CVA) to cut its rental bill.

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