BusinessBusiness RecoveryMercer & Hole steps in at footwear retailer Masai

Mercer & Hole steps in at footwear retailer Masai

Administrators brought in to footwear business after its parent firm files for bankruptcy

MERCER & HOLE administrators have been called to footwear retailer Masai Barefoot Technology (MBT).

Chris Laughton and Peter Godfrey-Evans, partners at Mercer & Hole, have been appointed joint administrators to MBT after its parent company filed for bankruptcy in Switzerland.

Masai has ten stores and various concessions throughout the UK and generates approximately £8m annually.

Laughton and Godfrey-Evans will be working with the business’s management and staff to sell the company and its assets.

Laughton said: “Our present intention is that the company’s retail stores will continue to operate.”

MBT is about to embark on a summer sale, which the administrators hope will improve its prospects.

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