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Payless buys Payless Shoes from administration,[link widoczny dla zalogowanych]
Australia's largest independent shoe retailer,[link widoczny dla zalogowanych], Payless Shoes,[link widoczny dla zalogowanych], has been saved from administration by the US-based Payless ShoeSource.
While the two companies had no previous business affiliation,[link widoczny dla zalogowanych], the administrators say the Australian retailer was modelled on its US counterpart,[link widoczny dla zalogowanych], with similar store formats,[link widoczny dla zalogowanych], target customers and its focus on lower cost shoes.
It is paying an undisclosed amount to buy the 150-store Payless Shoe network in Australia,[link widoczny dla zalogowanych], and is also offering positions to around 850 staff currently employed by Payless in its shops and head office on the same pay and conditions.
Australia's Payless was placed into voluntary administration on September 21 last year,[link widoczny dla zalogowanych], with Deloitte partners Vaughan Strawbridge and David Lombe managing the business.
The sale occurred after the Deloitte administrators restructured the business,[link widoczny dla zalogowanych], and Vaughan Strawbridge says it shows struggling retailers can be turned around.
"In the space of six months,[link widoczny dla zalogowanych], Payless Shoes has been turned from an operation facing financial distress into a profitable business that has attracted a global buyer,[link widoczny dla zalogowanych]," he noted in a statement.
"This process has seen the retention of 150 stores and,[link widoczny dla zalogowanych], with that,[link widoczny dla zalogowanych], ongoing jobs for around 850 people as the survival of the brand and continuity for many suppliers and landlords."相关的主题文章：

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