British footwear and accessories chain Dune Group is reviewing strategic options with the help of KPMG advisers regarding its property portfolio.
Sky News reported that the retailer will be engaging in discussions with landlords again to find ways to decrease costs and sustain and stabilise the business.
Go deeper with GlobalData
The news service quoted Dune founder and chief executive Daniel Rubin as saying: “The trading environment continues to be extremely tough, and like many other high street retailers, we are reviewing all aspects of our business to ensure we’re in the best position possible to navigate our way through this difficult period.
“We’ve had constructive dialogue with our landlords since the start of the pandemic, but we now need to engage with them further if we are to safeguard our future.
“To this end, we have appointed KPMG to review options specifically in relation to our property portfolio, and to assist us with our negotiations with stakeholders as we seek to manage our business through the months ahead.”
Founded in 1992, the retailer currently operates 43 standalone stores with around 1,200 staff, as well as trades via nearly 175 concessions.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe chain is one of the several high street retailers in the UK affected due to the impact of Covid-19.
In November, UK footwear chains Clarks secured £100m investment from Hong Kong-based private equity firm LionRock Capital and agreed to enter company voluntary arrangement (CVA).
