Johnsons Shoes Company was recently acquired out of UK administration by Newjohn Limited, with half of its stores set to continue trading. Newjohn, part of independent retailer Daniel Footwear, said that locations in Teddington, Twickenham, Walton-on-Thames, Farnham, Staines and Northwood would remain open, with shops in Windsor, Newbury, East Sheen, New Malden, Beaconsfield and Richmond closing.
The family-owned company, which trades as Johnsons Shoes and Bowleys Fine Shoes, filed for administration in May, citing online competition and the impact of the COVID-19 pandemic.Johnsons Shoes was acquired out of UK administration by Newjohn Ltd, with half of its stores set to continue trading. Newjohn, part of retailer Daniel Footwear, said locations in Teddington, Twickenham, Walton-on-Thames, Farnham, Staines and Northwood would be open, with shops in Windsor, Newbury, East Sheen, New Malden, Beaconsfield and Richmond closing.#
“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,” joint administrator Ian Defty was quoted as saying by British media reports.
“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,” he added.
Fibre2Fashion News Desk (DS)
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