According to the Independent, Hotter Shoes chief executive
Stewart Houlgrave and the footwear company’s investors are exploring “strategic
options” for the business, which could include a sale for up to £150 million.
According to the piece, private equity firm Gresham wants fresh funds to help
launch stores overseas and ramp up Hotter’s international sales online. It’s
understood advisers at Rothschild have been appointed to explore strategy,
brand development and internationalisation. Gresham first took a minority stake
in the company in late 2007, with a £21 million investment.
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