Despite diversification into clothing and a brief mid-90s revival as the footwear of choice for the ‘grunge’ generation, sales have declined and are expected to be well below the 5m pairs sold last year.
Parent company R.Griggs has been forced to close one of its three remaining UK factories and more cuts are thought likely.
The company plans to maintain output at its two remaining UK factories and the brand remains fully backed by family shareholders Max and Stephen Griggs.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies