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DWF acts in administration sale to secure over 400 jobs for footwear retailer, Hotter Shoes

20 July 2023

DWF, the global provider of integrated legal and business services, has acted in the administration sale of footwear retailer, Beaconsfield Footwear Limited ("Company"), trading as Hotter Shoes, the main subsidiary of AIM-listed company Unbound Group Plc.

The sale will see the continuation of the brand, along with securing jobs for 421 employees and the transfer of 27 stores and concessions to the new WoolOvers Group owner.

Difficult trading conditions and costs pressures contributed to the Company's position. Interpath Advisory were subsequently appointed joint administrators, and the sale of the business and some of its assets to WoolOvers Group has now completed

DWF's restructuring team, led by partner Natasha Atkinson acted for the Company in the sale, alongside a multi-disciplinary expert legal team which included restructuring associates Samantha Francis and Monica Hamid, corporate partner John Campion, real estate partner Shane Toal, finance partner Amrish Sharma and finance senior associate Mikela Rochford, and tax partner John Toon. 

Natasha Atkinson said: "We are pleased to be able to help secure the future of this business, which includes the continued employment of 421 employees and transfer of real estate assets and concessions, against a backdrop of a difficult retailing environment which is proving challenging for many businesses."

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