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PRIVACY
Retail & Consumer

Christmas revenue rise for Hotter Shoes despite supply chain and Omicron disruption

Hotter Shoes' parent company is to rebrand to Unbound at the end of the month

Hotter Shoes

Hotter Shoes' revenue jumped by almost 10% in the lead up to Christmas ahead of its newly-rebranded parent company relisting on AIM at the end of the month.

The Lancashire-headquartered company added its gross margin continued to perform positively at 65.5% during November and December.

In a statement, the firm said its "robust performance" was achieved "despite supply chain cost and availability issues, coupled with the negative impact of Omicron suppressing high street demand in the latter weeks of December is encouraging".

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In a trading update issued to the London Stock Exchange, the brand's parent company, Electra Private Equity, confirmed its rebrand to Unbound and relisting on AIM will take place on January 31, 2021.

Unbound will be led by Ian Watson who is currently chief executive of Hotter Shoes and will become chief executive of Unbound Group PLC on the company's admission to AIM.

Unbound chief executive designate Ian Watson said: "The creation of Unbound, and its admission to AIM, will be a significant milestone and we are excited about the opportunities ahead.