Modella continues high street shopping spree with Wynsors deal

The concern firm, which has go this year’s astir prolific purchaser of precocious thoroughfare chains successful Britain, is targeting a takeover of a privately owned footwear retailer.

Sky News has learnt that Modella Capital is successful precocious talks to bargain Wynsors World of Shoes, which trades from astir standalone shops crossed the northbound of the country.

Retail manufacture sources said that Modella was present the likeliest purchaser of Wynsors, with a woody perchance being struck earlier the extremity of the year.

Wynsors has been exploring a merchantability for the past 2 months, and hired the accountancy steadfast RSM to research involvement from prospective bidders.

The concatenation besides trades from astir 40 concession sites, and employs astir 440 people.

It has a peculiar absorption connected the children's schoolhouse shoes conception of the footwear market.

Like galore retailers, it is understood to person seen its caller show adversely affected by the labour outgo pressures heralded by past year's Budget.

If the woody is completed, it would adhd Wynsors to a unchangeable of brands which includes TG Jones, the caller sanction for WH Smith's precocious thoroughfare chain; Hobbycraft; and The Original Factory Shop.

Modella was besides 1 of the bidders for Poundland, which was sold during the summertime to Gordon Brothers, different specializer retail investor.

A spokesperson for Modella declined to comment, portion RSM has been contacted for comment, and Wynsors could not beryllium reached for comment.