Jones Bootmaker sold to Macintosh
Monday 31 January 2011
One of the high street's oldest shoe shop chains has been snapped up by a Dutch retail giant after a five-month sale process, landing its owners a £40m payday. Jones Bootmaker, which can trace its roots back over 150 years, yesterday confirmed that it had agreed to a takeover by Macintosh Retail Group.
The current chairman, Peter Phillips, and chief executive, Ken Bartle, bought more than 70 per cent of the business in 2009 after the Icelandic private equity group Arev fell into difficulties. they ploughed £4.5m into the business to turn it around. The pair will step down.
Macintosh owns the Brantano chain, which it bought in 2008. With Jones Bootmaker, the Dutch group will become the third largest shoe specialist in the UK.
Alfred Jones and his wife Emma set up A. Jones & Sons in 1857.
- 1 Jeremy Clarkson 'does not see a problem' with his racist language on Top Gear, says BBC
- 3 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 4 A third of employers never check job applicants' qualifications, survey finds
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Bin bag full of cats' heads discovered near Manchester's Curry Mile
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
iJobs Money & Business
£25000 - £35000 per annum: Harrington Starr: Junior Quant Analyst - C++, Boost...
£25000 - £35000 per annum: Harrington Starr: Service Desk Analyst- (Desktop Su...
£30000 - £50000 per annum: Harrington Starr: Junior Quant Analyst (Machine Lea...
£45000 - £55000 per annum: Harrington Starr: UNIX Application Support Analyst-...