Hotter Shoes bought in £200m deal


Founded in 1959 as Beaconsfield Footwear to produce
slippers, Hotter Shoes has been acquired by Electra Private Equity Plc in a
deal valued at £200 million, according to sources. The deal leaves managing
director Peter Taylor at the helm and Stewart Houlgrave, whose parents set up
the business, will continue to hold a stake. Hotter Shoes sells more than two
million pairs of shoes a year and employs over 1000 staff at its Skelmersdale
factory.

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