GA Europe, a subsidiary of Great American Group, has sold its stake in the British footwear chain Shoon to Ken Bartle and Peter Phillips for an undisclosed amount.

Shoon operates a chain of footwear stores that mainly offer branded shoes for fashion aware women.

The company also has an online business, which is managed from the head office and distribution facility in Wells, Somerset.

GA Europe took a direct stake in Shoon, when it supported a buy-out by its management team out of administration in May 2012.

Since then, GA Europe has provided funding for working capital, restructured the business by rationalizing stores, helped it exit from non-core clothing business, and developed new channels including concessions.

GA Europe also supported the business by financing the acquisition of concessions in Windsor, Newbury, Northwich and Nantwich.

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.

Company Profile – free sample

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 GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

GA Europe CEO Gavin George said they are pleased that Bartle and Phillips will be supporting Shoon in the next phase of its development.

"We’ve enabled management to re-platform the business and complete the heavy restructuring necessary in the two years post administration. Our investment in, and subsequent exit from Shoon, effectively demonstrates our strategy of backing retail businesses where we can successfully apply our capital and specialist restructuring skills while also leveraging our extensive retail networks," George added.

Bartle and Phillips’ portfolio of footwear retailing businesses also include Stead & Simpson and Gordon Scott.