Endless acquired the business and assets of A. Jones & Sons Limited (trading as Jones Bootmaker) in March 2017 following a pre-pack administration process. Jones Bootmaker is one of the oldest and most valued brands in the British shoe retail sector having celebrated its 160th year in business in 2017.
The Endless reputation for speed of transaction and delivery was crucial during discussions and we were able to rescue the business from its financial distress and quickly bring stability. Following this, we enhanced the Executive Board, which was missing key positions and we were able to bring in a new CEO, CFO and Commercial Director from our network.
Significant investment was made to drive a turnaround of the business, across the store estate, the product range and head office infrastructure. However, the adverse retail conditions in late 2017 / early 2018 meant that the Jones business could not be turned around needed to be part of a larger group.
Jones was sold to Pavers Limited in late February 2018.