UK shoe shop chain sold for £50m

One of the UK’s oldest shoe shops was under new ownership today after its management team agreed a £50m (€73m) buyout.

Fri, 23 Dec, 2005 - 10:08

One of the UK’s oldest shoe shops was under new ownership today after its management team agreed a £50m (€73m) buyout.

The deal for Leicester-based Stead & Simpson, which was founded in 1834 and has more than 400 outlets in the UK, ended a nine-month sale process after it began a strategic review in March.

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