Hellaby initiates strategic review of retail footwear businesses
01 May '07
2 min read
Mr Houldsworth re-iterated that “There is no certainty that this process will lead to the sale of these businesses and a sale would only take place if Hellaby Holdings considered this to be in the best interests of Hellaby shareholders and the businesses themselves.”
Mr Houldsworth also noted that “Hellaby Holdings understands that this process may create some uncertainty for employees and suppliers. However, regardless of whether the strategic review results in the businesses being retained by Hellaby or a sale to a third party we believe that the companies will have re-invigorated growth plans and a more strategic focus which would therefore be in the long term interests of employees and other stakeholders.”
Hellaby Holdings will provide further updates on the strategic review as is appropriate.
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