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Nigel TAYLOR Published
July 12,长沙U币低价收款 2025
Unbound Group, the owner of the Hotter comfort shoes brand, is struggling to survive. It needs to raise up to £2 million from a share sale in the next few days, or face having to call in administrators, City sources believe.
That’s according to Sky News with its story coming after a series of setbacks for the business. The struggling firm has been reportedly mulling a restructure that would require court approval and would allow it to shed some of its liabilities.
But the latest report suggests that if Unbound’s board fails to secure the funding, administration is a clear possibility.
However, it has said it had held discussions with major shareholders and had received "some positive feedback" about a share sale to raise £1.5 million-£2 million. Those talks are said to be continuing, the report claimed.
The company has been struggling for some time and in May announced that a £10m funding injection from Marwyn Investment Management had fallen through.
Recently the news has come thick and fast. Unbound has announced that it was refocusing on its core Hotter brand (after a period in which it had invested in a multi-brand platform), and was rationalising its range, buying-in more products as finished goods, and launching a formal sale process.
But in a stock exchange announcement on 27 June it said it had terminated a formal sale process for the Hotter Shoes business which trades from 17 standalone stores and just under 10 concessions in garden centres.
Interpath Advisory, the restructuring firm, is working with Unbound on its contingency planning.
A spokesman for Unbound told the broadcaster: “All options remain on the table and are still being considered, as we previously announced.”