×
857
Fashion Jobs
ESTÉE LAUDER
Aveda - Omni National Account & Operations Executive
Permanent · London
ESTÉE LAUDER
Demand Planner - Supply Chain
Permanent · London
ESTÉE LAUDER
Director, International Business Development (Maternity Cover)
Permanent · London
PAUL SMITH
International Sales Executive
Permanent · LONDON
EASTPAK
Sales Manager
Permanent · LONDON
NEW BALANCE
Category Merchandising Manager Emea, Running Footwear
Permanent · Warrington
CONFIDENTIEL
Warehouse Area Manager
Permanent ·
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Liverpool - 26 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Boots-Aintree, Liverpool - 11 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part-Time - Permanent
Permanent · Bishop's Stortford
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 37.5 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Clinique - Consultant - Boots, Oracle Reading - 28 Hours - Part Time, Permanent
Permanent · Reading
ESTÉE LAUDER
Clinique - Consultant - Flannels, Sheffield Meadowhall - 22.5 Hours - Part Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 30 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Art Director
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Bracknell - 11.5 Hours - Part Time, Permanent
Permanent · Bracknell
ESTÉE LAUDER
CRM And Email Analyst (Contract) - Must be Immediately Available
Permanent · London
ESTÉE LAUDER
Senior Art Director
Permanent · London
ESTÉE LAUDER
CRM Analyst
Permanent · London
ESTÉE LAUDER
CRM Manager, jo Malone London
Permanent · London
Published
May 24, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hotter Shoes plans IPO in Q4 as sales rise

Published
May 24, 2021

Comfort shoes specialist Hotter will be listed on the stock market later this year with the company’s owners having announced their intention to float it on the Alternative Investment Market (AIM), which is also home to big-name fashion businesses such as ASOS and Boohoo.


Hotter



Owner Electra Private Equity is embracing share listings this year with its restaurant chain TGI Fridays also set to list. Hotter’s big move should happen by Q4 with the company saying its plans are “ well advanced”. 

Hotter has seen a big shake-up in recent periods and restructured itself last year, closing the majority of its stores (59 of them) and cutting jobs as it pivoted to an online-first business model. It continues to see growth opportunities online in both the UK and US with its now-much-smaller UK store chain supporting this.

Electra said it continues to perform strongly following the restructure that also saw it focusing on its ‘freesole’, ‘cushion +’ and ‘stability +’ product ranges.

UK online sales saw 30% like-for-like growth in the seven months to the end of April. And in that period, UK and US comparable e-sales accounted for 68% of its total, compared to 54% a year earlier. That's a good result given that lockdowns have meant the footwear category has struggled in the past year.

EBITDA for the seven months rose 8% on a comparable basis, suggesting the full-year comparable EBITDA  figure will be £5.4 million.

Electra Private Equity is in a major period of change and earlier sold its Sentinel Performance Solutions business, as well as developing the listing plans for TGI Fridays and Hotter.

Electra chairman, Neil Johnson, said: “With the recent sale of Sentinel, we enter the final stage of our strategy with confidence, having returned over £2 billion to shareholders since October 2016. The new management teams at our two remaining larger portfolio assets have performed admirably through the pandemic, not just sustaining their businesses in the most difficult circumstances, but also transforming them. In light of this, and their potential for further significant longer term value creation, the board has decided that the optimal outcome for shareholders is likely to lie in a capital market solution for both businesses.

Copyright © 2021 FashionNetwork.com All rights reserved.