Alteri to acquire Jones Bookmaker and Brantano

Endaba Group

Jones Bootmaker and Brantano could potentially have new owners, as Alteri Investors are looking into acquiring there retailers. Their talks are “progressing well” and a deal is expected to be finalised within a fortnight. The Dutch parent company, Macintosh Fashion, put the businesses up for sale in March and appointed BNP Paribas and KPMG as advisors to find a buyer in April. Also earlier this year, Alteri, which is backed by US private equity giant Apollo Global Management, gave a three-year loan to Austin Reed Group. Their plans for Jones Bookmaker and Brantano is to “improve” the retailers and then “sell them on”.