COVENTRY headquartered Shuropody Retail has been sold in a pre-pack deal, saving over 260 jobs.
On Wednesday (December 7) the shoe and podiatry firm called in administrators Gareth Harris and Lee Lockwood of RSM UK Restructuring Advisory, before immediately being sold to a subsidiary of Baaj Capital.
The deal has saved all 39 of the company’s stores across Britain and they will be able to continue trading under the new ownership.
Gareth Harris said the pre-pack sale will ensure customers who have bought treatment plans will have ‘continuity of service’ while safeguarding most of the jobs at Shuropody.
He added: “It is unfortunate that Shuropody has had to go through an administration process, but the legacy of the last couple of Covid years is still proving challenging to navigate for many businesses, including this one.
“Given the current economic climate the high street is seeing many retailers struggle so it is particularly pleasing to help save this business, and ensure employees will be paid as we run into Christmas.”
