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Hurst Corporate Finance has revealed that it has advised The Parently Group on its acquisition of Term Footwear for an undisclosed fee.
It is the first acquisition for Parently, a manufacturer of childrenswear which owns the
David Luke school uniform brand, footwear and clothing brand Grass and Air and
sportswear brand Juco.
The company is based at a three-acre site in Bredbury, Stockport, after moving from
Manchester city centre last year.
Term Footwear was established in 2016 by Sharon and Lincoln New and is based in Poole, Dorset.
Sharon and Lincoln New will continue to work with The Parently Group to assist with
the transition and share their specialist knowledge and expertise with the team.
The company’s shoes are made from real leather sourced in New Zealand and South Africa as a by-product of open cattle farming.
Kathryn Shuttleworth, chief executive of The Parently Group, said: “This move into school shoes comes at a time when the school uniform market is undergoing significant changes, driven by shifting ownership models and legislative uncertainties. In these times, diversification for wholesalers and retailers is essential. Expanding our offerings builds resistance and reduces risk as markets and products evolve.”
“As a wholesale distributor with a wide retailer network, collaboration is in our DNA. Since our founders, David Burgess and Adrian Luke, started the business, we have remained committed to bringing products that have a strong story that resonates with retail customers.”
She added: “We are thrilled about Term Footwear becoming part of our group of brands and look forward to sharing the great opportunities that come from adding these excellent products to our retail portfolio.”
