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Birmingham Post
Birmingham Post
Business
Jon Robinson

Hotter Shoes owner Unbound Group loses £10m investment over trading concerns as it calls in Interpath Advisory

Hotter Shoes Interpath Advisory Unbound

A planned investment of £10m into the owner of Hotter Shoes has been withdrawn because of concerns over the group's current trading.

Marwyn Investment Management LLP offered a proposal to Skelmersdale-headquartered Unbound Group in April to provide £10m via an equity placing at an issue price of 10.5p per share.

However, Marwyn has now informed Unbound's board that the funding proposal has been withdrawn, "citing principally concerns over current trading".

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