Hotter Shoes news and archive

Hotter Shoes owner acquires German brand Peter Hahn

Wourth Group, the owner of Hotter Shoes, has acquired German fashion brand Peter Hanh GmbH out of administration, expanding the group’s presence into the DACH region and the Netherlands. The company, which previously operated in the UK under the title WoolOvers Group, carried out the transaction as part of an insolvency plan which ensures the...

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Hotter CEO and CFO exit following WoolOvers acquisition

The chief executive officer and chief financial officer of Hotter have reportedly stepped down from their roles just days after the footwear brand was acquired by WoolOvers Group. The firm snapped up Hotter Shoes in a pre-pack administration deal for 6.7 million pounds after its former owner Unbound Group initiated the sale of its main...

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WoolOvers snaps up footwear brand Hotter from Unbound Group

Hotter Shoes, the footwear brand once operated by the struggling Unbound Group, has been swiftly rescued by WoolOvers Group in a pre-pack deal for 6.7 million pounds. The sale comes after Unbound Group appointed administrators on July 17, after halting a wider formal sales process for the company and instead opting to sell its subsidiary,...

Business

Hotter Shoes owner Unbound Group reportedly seeking funding to avoid collapse

Unbound Group, the owner of British footwear retailer Hotter Shoes, is reportedly in need of fresh funding if it is to avoid collapse. The London-listed group faces calling in administrators if it fails to raise up to 2 million pounds from a share sale in the coming days, Sky News reports, citing City sources. A spokesperson told Sky: “All...

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Unbound Group terminates sales process, profitability remains resilient

Unbound Group, the owner of Hotter, has announced that it will be ending its formal sale process after its board stated that no potential offers had full support. The company had initially launched the process alongside a strategic review on May 19 in a bid to explore options that could maximise value for shareholders and other stakeholders....

Business

Unbound Group reportedly considering restructuring amid challenging trading

Hotter Shoes owner Unbound Group is reportedly mulling a restructuring after entering into a formal sale process earlier this year. The British group has asked advisers at Interpath to begin preparations for a restructuring plan which could allow it to shed some of its liabilities, Sky News reports. Such a restructuring would require court...

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Unbound Group enters into formal sale process following strategic review

Unbound Group, the owner of Hotter Shoes, has announced that it has entered into a sales process after it carried out a strategic review in light of declining revenues. According to Unbound, the trading position in the second half of 2022 had left it with cash constraints, forcing its board to seek additional funding to help complete...

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Hotter Shoes owner Unbound Group mulls sale

Unbound Group, the owner of British footwear retailer Hotter Shoes, is considering accepting a takeover bid by knitwear specialist WoolOvers Group Limited. In a statement Tuesday, Unbound said it is “in discussions with WoolOvers Group in relation to a possible cash offer for the entire issued and to be issued share capital of Unbound”. It said...

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Unbound Group first-half revenue up 10 percent

Unbound Group, the owner of British footwear retailer Hotter Shoes, has reported a 10 percent increase in revenue in the first half of the year. In its interim results for the six months to July 31, the group posted revenue of 27.6 million pounds, up from 25 million pounds a year earlier. It said the growth proved the “benefits of the...

Business

Hotter Shoes owner Unbound Group raises fresh funding

Unbound Group has raised fresh capital to accelerate its growth strategy. The group said Friday it has raised 3.3 million pounds in the placing and subscription of 20.8 million new shares. The group has also launched an open offer of up to 6.7 million shares which would raise up to a further 1 million pounds. Unbound Group, formerly called...

Business

Unbound Group launches multi-brand platform, says Hotter trading in line with expectation

Unbound Group, the parent company of British footwear retailer Hotter Shoes, has announced the first 14 partner brands to join its newly launched multi-brand platform. Apparel brands joining the line-up are Rohan, Asquith of London, Boody, Noa Noa, Part Two, Kaffe, Soaked in Luxury, Cream, and Lakeland Leather. While in footwear, the brands are...

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Hotter Shoes posts double-digit revenue growth in first quarter

The parent company of Hotter Shoes said the UK footwear retailer saw double-digit year-on-year revenue growth in the first quarter. While Unbound Group didn’t provide exact figures, it said Hotter Shoes “performed strongly” in the first quarter of the year as it improved its gross margin and saw its active customer base grow. Earlier this year,...