Private equity investor saves 800 jobs with Jones takeover
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.
The closures include stores at Birmingham Grand Central, Merry Hill and Sutton Coldfield.
Endless was in talks earlier this week to buy the distressed business from private equity firm Alteri, after it entered administration on Friday.
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