Johnsons Shoes Company bought out of administration
Johnsons Shoes Company has been bought out of administration by an independent footwear retailer.
The purchase by Daniel Footwear will save 66 jobs.
Operating stores under the Johnsons Shoes and Bowleys Fine Shoes fascias, Johnsons Shoes Company has stores in Teddington, Twickenham, Walton-on-Thames, Farnham, Staines and Northwood. These have all been saved through the acquisition and will continue to trade as Johnsons Shoes.
The company’s other stores in Windsor, Newbury, East Sheen, New Malden, Beaconsfield and Richmond have ceased trading.
A family-run business, Johnsons Shoes Company was founded more than 50 years ago and sells high-end men’s and women’s shoes, as well as footwear for children.
Ian Defty, joint administrator and partner at CVR Global, said: “Rescuing any high street retailer during one of the most volatile economic periods in living memory is no mean feat – so we are pleased to have saved a significant number of jobs and half of the store’s estate.
“The business has traded strongly for many years, but last year was particularly difficult for them as they battled with rising rent and business rates, combined with the increasing competition from online shopping.
“However, we believe we have found a buyer who, with more than 20 years of retail experience, is the perfect fit for Johnsons Shoes as they are ideally placed to help them expand their online presence and product offering.”
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