October 25, 2021

YPRQ-Shopping

Shopping Works Wonders

Dune initiates strategic review

The footwear retailer is in talks with landlords about prospective hire cuts, Sky News has reported. It reported that a company voluntary arrangement could be released, relying on the progress of talks with landlords about a doable change to a turnover-centered hire design.

Daniel Rubin, CEO and founder of Dune, instructed the media outlet: “The trading environment continues to be very tough, and like a lot of other significant road retailers, we are reviewing all aspects of our business to guarantee we’re in the finest position doable to navigate our way as a result of this complicated time period.

“We’ve had constructive dialogue with our landlords since the commence of the pandemic, but we now want to have interaction with them further more if we are to safeguard our long run.

“To this end, we have appointed KPMG to evaluation alternatives especially in relation to our home portfolio, and to help us with our negotiations with stakeholders as we search for to manage our business as a result of the months forward.”

Drapers has contacted Dune Group for remark.