Hotter shoes survives through pre-pack deal
19/07/2023
Comfort footwear brand Hotter has had its future secured through the sale of the business to Woolovers Group, a British lifestyle brand.
The pre-pack administration sale sees 421 employees across 27 stores and concessions now under the control of the purchaser, Woolover, owned by European investment firm Verdanea.
It is understood that their purchase of Hotter shoes had been attempted in April 2023, when still solvent, but was outbid by a rival offer that was subsequently retracted.
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