Hundreds of jobs have been saved with the purchase of a shoe and podiatry retailer out of administration.
Gareth Harris and Lee Lockwood of RSM UK Restructuring Advisory LLP were appointed joint administrators of Shuropody Retail Limited this week and have now secured the purchase of the business and assets of Shuropody in a pre-pack administration sale.
The specialistretailer with outlets across the UK including Glasgow went into administration on December 7 and was immediately sold to a subsidiary of Baaj Capital LLP, a special situations investor which holds a number of other retail investments.
The deal has saved over 260 jobs and all of the companys 39 stores remain open and are continuing to trade under new ownership.
MrHarris sai…
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