Dune hires KPMG to find new investors
Footwear brand Dune has appointed KPMG to find new investors for the business
The news follows strong financial results for the company in the year to January 2023 when turnover increased to £139 million from £109 million a year earlier. The group also grew its EBITDA to £10.1 million from a previous £6.7 million.
Subscribe to TRBIn a statement, Dune founder and chairman Daniel Rubin said: “Having spent 47 years in the footwear industry the time is right to realise the investment I have made in Dune. The business is strong with a first-class management team and exciting growth opportunities, both in the UK and internationally.”
In the year to January, Dune made significant changes to its business model. This included reducing its number of department store concessions, restructuring its store portfolio and expanding its international and online operations.
Dune plans to open 25 new standalone stores in the UK over the next three years while continuing to invest in its digital capability.
It is also continuing to grow its international operations, which currently account for 35% of sales and are set to increase to 50% by 2026.
Rubin added: “I have always had a passion for the product, and I am fortunate that this passion is shared by the Dune team. Designing and producing beautiful shoes and accessories is a key ingredient to the brand’s success.”
