Home / Knowledge / News / Fashion / Footwear retailair chain Dune buys Shoe Studio
Footwear retailair chain Dune buys Shoe Studio
07
Mar '09
Shoe Studio, formerly owned by the Mosaic Fashions Group, which went in to administration last week has been formally bought by Daniel Rubin led, Dune, which is also another shoe chain. This move would safeguard jobs at more than 300 concession stores, but jobs at 11 company owned stores would stand redundant.

Dune, which was founded in 1993, is owned by Daniel Rubin, Managing Director of the retail store chain. It currently runs 43 stores in the UK and 35 concession outlets and has sojourned in to Russia and the Middle East in recent years.

Principles, the other store brand owned by Mosaic Fashion Group has still not found any takers yet and would continue to run under the present administrators, Deloitte, though negotiations are in progress with other parties, said, Deloitte.

The takeover has saved more than 1,660 jobs at Shoe Studio's 300 plus stores, though 90 employees at the 11 standalone stores will have to look for new jobs.

Fibre2fashion News Desk - India


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Top executives
Textile industry

It will take some time for the people to change their buying choices

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search