The footwear chain, which closed dozens of stores through a CVA during the pandemic, is exploring whether to seek court approval for a restructuring plan, Sky News learns.
Hotter's roots can be traced back to 1959 when it started out as a manufacturer of slippers. Pic: HSThe owner of Hotter Shoes is drawing up plans to resort to an emergency restructuring mechanism amid stuttering hopes of a sale.
Sky News has learnt that London-listed Unbound Group has asked its advisers at Interpath to commence preparations for a restructuring plan - which would require court approval - allowing it to shed some of its liabilities. The talks were described by one source as"contingency planning" on Thursday, although they acknowledged that such an outcome was becoming increasingly realistic.Hotter Shoes trades from 17 standalone stores and just under 10 concessions in garden centres.
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