KPMG finds buyer for footwear business

Forty jobs have been saved at Solution Footwear Limited after joint
administrators from KPMG found a buyer from Leeds.

Solution Footwear Limited business went into administration on 7 June 2006
and has five shops in Leicester, Derby, Sheffield, Nottingham and Lincoln.

It has now been bought by the Leeds-based company Moda In Pelle.

Richard Philpott, one of the joint administrators from KPMG said: ‘The
business has attracted plenty of interest during the month in which it was in
administration so it’s pleasing to now be able to announce this sale. With a
sale now concluded, we believe that the intention is to re-open all of the
stores as soon as possible.’

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