MACINTOSH ACQUIRES UK SHOE RETAILER JONES BOOTMAKER
(#)(*) Jones Bootmaker fits in perfectly with Macintosh’s growth strategy in Fashion.
(*) Macintosh will improve its position as an international shoe retailer.
(*) With 93 stores, Jones Bootmaker is a well established multi-brand retailer serving the upper/mid market which complements Macintosh’s Brantano UK.
(*) Jones Bootmaker has annual consumer sales of over GBP 95 million and is consistently profitable.
(*) Acquisition of Jones Bootmaker will be fully financed with loan capital.
(*) Jones Bootmaker is expected to contribute to Macintosh’s net profit in 2011.(##)
Macintosh Retail Group has reached agreement with the shareholders of Jones Bootmaker on the acquisition of all shares. The transaction will be completed around the beginning of April 2011.