SIR TOM HUNTER SELLS OFFICE SHOE SHOP CHAIN FOR £150M
Dec 16 Sir
Tom Hunter has sold his Office shoe chain to a private equity firm for about £150m, netting the Ayrshire entrepreneur his second huge windfall in three days. The sale of the upmarket retailer will allow SirTom to make a return of almost 10 times his investment in the firm. It will also result in a multimillionpound payday for Office’s Scottish chief executive, Brian McCluskey. Sir Tom has sold the business following a period during which Office has enjoyed dramatic growth in sales after cashing in on the demand for branded footwear.