Type
Closure
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of other goods, except motor vehicles and motorcycles
47.72 - Retail sale of footwear and leather goods

370 jobs
Number of planned job losses
Job loss
Announcement Date
10 July 2020
Employment effect (start)
Foreseen end date

Description

Hotter Shoes, the British shoe manufacturer and retailer, has announced that it will permanently close 46 of its 61 shops as part of a company voluntary agreement, leading to 370 redundancies across the UK.

The company’s chief executive officer said the effects of the COVID-19 pandemic had made it necessary to restructure the company to 'ensure a viable future for the business' and avoid more job losses.

Hotter Shoes is Britain’s largest shoe manufacturer. The company was founded in 1959 in Lancashire, in the north of England, and it is currently owned by the private equity firm Electra.  


Sources

Citation

Eurofound (2020), Hotter Shoes, Closure in United Kingdom, factsheet number 101448, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101448.