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 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 2 The awkward moment Sarah Palin raised $25,000 for Hillary Clinton's election campaign
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 Baldness could soon be treated using stem cells, scientists hope
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
The awkward moment Sarah Palin raised $25,000 for Hillary Clinton's election campaign
Ball pool for adults opens in London
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...