At the time of its administration, UK footwear retailer Brantano was operating from 135 stores.
Following a competitive tender process ERS was appointed by administrator PwC as Agent, prior to an accelerated M&A process being conducted.
In addition to managing the store operations, discount strategy and advertising campaign over a 12 week trading period, ERS took full responsibility and accountability for:
The trading outcome far exceeded forecast and expectations
Circa 15 stores were sold to an external party and the IP sold for 100x initial valuation
Over 90% of sales staff were retained until the end of the trading period
All stores were closed to a “broom clean” standard, resulting in no landlord litigation against the administrator.