Brantano administrators seek to raise cash through sale of brand name
21/06/2017
PwC has described the sale as an “exciting opportunity to revitalise Brantano”, which it said had been one of the UK’s “best known and most loved shoe retail brands”. Interested parties have until 30 June to submit offers.
Brantano was founded in Belgium more than 50 years ago and began trading in the UK in 1998, specialising in low-to-mid-market shoes. At its peak, it had 72 own-brand stores and 82 concessions in all parts of the UK and an annual turnover of more than £80 million.
By the start of 2016, the group was under the ownership of Eindhoven-based Macintosh Retail Group. When Brantano went into administration in January that year and was acquired from the administrators by restructuring specialist Alteri. Unable to turn the business’s fortunes around, Alteri closed all remaining stores in March 2016. It put Brantano UK into administration for a second time in March 2017.
The sale includes no stores and no stock, only the brand name with its registered and unregistered trade marks, the electronic content of its website, the domain name and the software behind the e-commerce site.
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