THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Aldo UK acquired out of administration

The UK arm of footwear retailer Aldo has been acquired out of administration by Birmingham based Bushell Investment Group. The move has saved 55 jobs. Aldo… View Article

FASHION RETAIL NEWS UK

Aldo UK acquired out of administration

The UK arm of footwear retailer Aldo has been acquired out of administration by Birmingham based Bushell Investment Group. The move has saved 55 jobs.

Aldo UK entered administration in May after its Canadian parent company filed for bankruptcy protection. At the time, insolvency specialist RSM was appointed as administrator and said it would be considering the future of  retailer’s remaining eight stores after five shops were permanently closed.

Since then the business has continued to trade and opened three additional stores.

Lee Bushell, the principal of Bushell Investment Group, said: “This is an exciting opportunity and builds on our recent retail investments. Working with the Aldo Group we believe there is a real opportunity to develop this globally recognised brand in the UK.”

Damian Webb, partner at RSM Restructuring Advisory, said the transaction highlighted how there is a future for traditional retailers. He added: “Although trading is difficult it is clear that if parties work closely with their stakeholders it is possible to secure a successful outcome which benefits all parties.”

 

Subscribe For Retail News