Press speculation re Hotter Shoes
Updated : 10:33
Electra Private Equity PLC
Press speculation re Hotter Shoes
13 November 2020
Further to recent press speculation, the Board of Electra Private Equity PLC (the "Company") confirms that consistent with the delivery of the Company's realisation strategy, Stifel Nicolaus Europe Limited has been engaged to conduct early preparation for the realisation of its investment in Hotter. The timing of the launch of any sales process will be determined over the coming months as trading patterns normalise in Hotter's new business model focussed on direct to consumer channels predominantly in the UK and US.
A further update will be provided as appropriate.
-ENDS-
For further information please visit www.electraequity.com or contact:
Gavin Manson
Chief Financial and Operating Officer
Electra Private Equity PLC
17 Old Park Lane
London W1K 1QT
Tel: 44 (20) 3874 8300
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