Alteri acquires Jones and Brantano UK for £12m

Endaba Group

Alteri Investors acquired footwear retailers Jones and Brantano UK from their Dutch parent company Macintosh for €17m (£12.2m). Macintosh made a loss of €53m, as the deal was at the lower end of the range expected – the sale’s proceeds will go towards repaying their debts. Combined, they made a loss of €1.9m (£1.3m) in the third quarter of 2015. With David Short, former Managing Director of Macintosh UK, as Chief Executive,  the rest of the Jones and Brantano senior team will remain in place.