A Buxton shoe firm which employed 50 staff has gone into voluntary liquidation.
The decision was taken after Bells Shoes lost an account with Clarks which accounted for nearly half of the firms 18m turnover.
Redfoot Shoes, which is based in Bacup in East Lancashire, has announced it is investing over 1m to develop the online operation of Bells Shoes after buying its website, stock and intellectual property.
Bells Shoes has now gone into solvent voluntary liquidation as part of a planned wind-down which began earlier this year.
Steven Wiseglass, an insolvency practitioner and director at Greater Manchester firm Inquesta, has been appointed liquidator.
Bells Shoes comprised the online business and a shop in Buxton.
The shop has been rebran…
Read the full article at: https://www.thebusinessdesk.com/eastmidlands/news/2020238-50-jobs-lost-as-shoe-company-goes-into-voluntary-liquidation