WoolOvers Group which had made an approach to acquire Hotter Shoes parent Unbound Group has decided not to proceed with an offer.
Unbound Group has issued a statement in which it says that its adjusted pre-tax loss for the year ended 5 February 2023, would now be between £4.25m and £4.75m as opposed to the £1.2m market expectation. Saying also that external factors including the extended period of hot weather together with Royal Mail industrial action and broader economic conditions had significantly impacted sales of its Autumn/Winter range in the last five months of its financial year.
Share