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Bushell Investment Group acquires shoe retailer ALDO UK
24 Sep '20
1 min read
Pic: Bushell Investment Group
The Bushell Investment Group (BIG) recently acquired the UK arm of the Canadian shoes and accessories retailer ALDO, saving 150 jobs and creating an additional 50 roles across the business over the next 12 months. ALDO UK, which fell into administration in May 2020, will join the growing BIG portfolio, which already includes high street hair salon brands Regis and Supercuts.
It is the fifth acquisition BIG has made in the last 18 months, the company said in a press release.
“We are incredibly excited to be part of ALDO UK’s future. The ALDO brand holds significant strength, offering high quality merchandise through its high street and ecommerce channels, and this is further supported by the passion and commitment of its workforce. For BIG, this exciting acquisition builds on our experience in the retail sector and adds further diversity to our growing portfolio,” BIG chief executive officer Lee Bushell said in a statement.
It is the fifth acquisition BIG has made in the last 18 months, the company said in a press release.
“We are incredibly excited to be part of ALDO UK’s future. The ALDO brand holds significant strength, offering high quality merchandise through its high street and ecommerce channels, and this is further supported by the passion and commitment of its workforce. For BIG, this exciting acquisition builds on our experience in the retail sector and adds further diversity to our growing portfolio,” BIG chief executive officer Lee Bushell said in a statement.
Fibre2Fashion News Desk (DS)
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