Jones Bootmaker has been saved from administration following a deal with UK private equity investor Endless for £11m.
The sale means that 72 shops and the company’s head office will operate as usual. Endless bought the profitable parts of the business under a pre-pack administration deal.
The 160-year-old retailer, which is owned by Alteri Investors, instructed KPMG to advise on its sale process.
It called in administrators earlier this month due to “troubling” trading conditions.
Brantano, the value footwear chain which is also owned by Alteri Investors, also went into administration last week.
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