Bushell Investment Group has acquired the footwear retailer out of administration.
Founded in 1972, The Aldo Group is a Canadian retailer that owns and operates a worldwide chain of shoe and accessories stores. After falling into administration in May at the same time as its parent company, Aldo Group, the retailer has been looking to appoint for options to save their remaining UK stores. The Bushell Investment Group have purchased or sold over 40 businesses over a 23 year period and are looking forward to partnering with the global brand.
Lee Bushell, Prinicpal of Bushell Investment Group has commented: “This is an exciting opportunity and builds on our recent retail investments. Working with the Aldo Group we believe there is a real opportunity to develop this globally recognised brand in the UK.”
Michel Fahmy, Vice President at Aldo Group International also commented: “The Aldo Group is thrilled that Aldo will preserve its network and ecommerce business in the UK market under BIG’s umbrella. As a fashion capital, the UK has always been a strategic market, and having such a solid partner to join our brand is positive news.”
