Shoe retailer seeks new investors
By Sarah Wood | 14th March 2023
Footwear retailer, Dune, has appointed KPMG to find new investors in the business.
The retailer, which has a store at Gloucester Quay, said it plans to open 25 new stores in the UK over the next three years, while it continues to invest in its digital capability, as reported by Retail Gazette.
The appointment of KPMG comes after strong financial results for the year ended January 2023, with turnover of £139m and pre-tax profit of £10.1m.
Dune has made big changes to its business model since the pandemic - cutting right down on its department store concessions, restructuring its store portfolio and expanding international and online operations.
Dune's international operations already account for 35% of sales and are forecast to make up 50% of sales by 2026.
Dune founder and chairman, Daniel Rubin, said that designing and producing beautiful shoes is key to the brand's success.
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