Shoe Zone Acquires Stead & Simpson

The Shoe Zone Group has announced that, on 28th January, it exchanged contracts to purchase the Stead & Simpson business for an undisclosed sum.

Anthony Smith (Chief Executive) said:

"We are delighted to acquire the Stead & Simpson business and continue to play our part in the consolidation of the footwear market.

We look forward to returning the Stead & Simpson business back to profitability in the coming months."