Private equity investor saves 800 jobs with Jones takeover
Leeds-based private equity investor Endless has acquired Jones the Bootmaker, in a deal which has saved 840 jobs.
25 underperforming stores and six concessions are not part of the sale and will close immediately. These closures will result in approximately 262 job losses.
Endless were reportedly in talks earlier this week to buy the distressed business from private equity firm Alteri, after it entered administration on Friday.
Will Wright, Steve Absolom and Blair Nimmo of KPMG LLP were appointed joint administrators of A Jone... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
