Company/Organisation:
Hotter Shoes
Geographic Location
Country:
United Kingdom
Company
Sector:
Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.72 - Retail sale of footwear and leather goods in specialised stores
Number Employed:
1200
Group:
Hotter Group
Employment Effects
Announcement Date:
10-07-2020
Planned Job Reductions min:
370
Planned Job Reductions max:
370
Type of Restructuring:
Internal restructuring
Direct Dismissals:
370
Additional Information
Hotter Shoes, the British shoe manufacturer and retailer, has announced that it will permanently close 46 of its 61 shops as part of a company voluntary agreement, leading to 370 redundancies across the UK.
The company’s chief executive officer said the effects of the COVID-19 pandemic had made it necessary to restructure the company to 'ensure a viable future for the business' and avoid more job losses.
Hotter Shoes is Britain’s largest shoe manufacturer. The company was founded in 1959 in Lancashire, in the north of England, and it is currently owned by the private equity firm Electra.
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