Modella Capital Seeks to Acquire Wynsors World of Shoes

Introduction to the Acquisition

The investment firm Modella Capital, known for being the most prolific buyer of retail chains in Britain this year, is in advanced talks to acquire Wynsors World of Shoes, a private footwear retailer. This move is part of Modella’s strategy to expand its portfolio of retail brands.

Details of Wynsors World of Shoes

Wynsors World of Shoes operates in approximately 50 standalone stores, primarily located in the north of the country. In addition to its standalone stores, the chain also runs about 40 concession locations. The company employs around 440 people and has a significant focus on the children’s school shoe segment of the shoe market.

Challenges Faced by Wynsors

Like many retailers, Wynsors has faced challenges, particularly from labor cost pressures that were announced in last year’s budget. These pressures have impacted the company’s recent performance, leading it to consider a sale. The auditing firm RSM has been commissioned to assess the interest of potential bidders.

Modella’s Portfolio and Bidding History

If the acquisition goes through, Wynsors will join a range of brands under Modella’s ownership, including TG Jones (the new name for WH Smith’s chain of stores), Hobbycrafts, and The Original Factory Store. Modella was also one of the bidders for Poundland, which was sold to Gordon Brothers, another specialist private investor, in the summer.

Status of the Acquisition

Retail industry sources indicate that Modella is now the most likely buyer of Wynsors, and a deal could potentially be completed before the end of the year. However, neither Modella nor RSM has commented on the potential acquisition, and Wynsors could not be reached for comment.