Endless sells Jones the Bootmaker assets to Pavers

The transaction comes just 11 months after Endless acquired the business, formerly owned by Alteri Investors, from administrators.

Endless said in a statement that adverse retail conditions meant the fortunes of the business "could not be turned around".

The deal sees Pavers acquire 42 out of 47 stores in addition to the jonesbootmaker.com and Jones brands. However, it does not include the company's head office operations.

According to a statement issued by the vendor, the transaction sees 389 jobs safeguarded, though the business had a headcount of 800 across 72 stores at the time of Endless's acquisition.

Previous funding
Turnaround house Alteri acquired Jones from Dutch retail group Macintosh in October 2015. The business then fell into the hands of administrators, with Endless acquiring it in March 2015. The Endless transaction originally allowed 72 stores and the head office to continue to operate as normal, saving 800 jobs in the process. However 25 stores and six concessions were not involved in the deal, resulting in the loss of approximately 262 jobs.

Company
Founded in 1857 and headquartered in London, Jones is a retailer of footwear and other fashion accessories with online and bricks-and-mortar stores.

People
Pavers – Stuart Paver (managing director).

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