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The Shoe Group, an Australian firm, has shown interest in potentially acquiring Wittner and is now in an exclusivity period with the voluntary administrators.
The Shoe Group’s chairman Ian Unwin said the business felt excited about the opportunity to bring Wittner into the group.
“It is a brand with a proud legacy and strong customer following, and we look forward to supporting its continued success,” Unwin said.
Deloitte Turnaround and Restructuring partner and transaction lead Daniel Demir mentioned that the intended sale would help sustain a cherished Australian enterprise.
“This proposed sale marks a significant milestone for a brand with over 100 years of history, accomplished swiftly in a tough retail climate,” Demir stated.
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“We have worked closely with the Wittner team to maintain trading stability throughout the administration process and are pleased to make today’s announcement to secure the future of this iconic Australian brand.”
Voluntary administrator David Orr said the proposed sale would deliver a positive outcome for all stakeholders, including employees, creditors, landlords, and concession partners.
“We thank them for their ongoing support and collaboration during the administration process,” Orr said.
“TSG brings deep sector expertise and integrated capabilities across manufacturing and retail, making it well placed to support Wittner’s future.”
