BusinessBusiness RecoveryKPMG finds buyer for footwear business

KPMG finds buyer for footwear business

Forty jobs saved by KPMG

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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