Buyer found for bankrupt shoe store Scapino, most jobs saved

scapino shoe storeA Dutch shoe retailer with 77 stores around the country is taking over bankrupt budget shoe chain Scapino for an undisclosed sum.

The Assen-based Ziengs group launched Scapino in the 1970s and sold it to retail group Vendex KBB in 1997. Now the company is buying it back after reaching a deal with the company’s receivers.

Scapino is part of the Macintosh retail group which went bust at the end of last year. Between 20 and 60 of the current 200 stores will close under the rescue plan.

The take-over was approved by the Dutch competition authority ACM at an emergency hearing.

The fate of Macintosh’s other shoe retail groups, including Dolcis, Mansfield and Invito, has not yet been determined but a new buyer has been found for the company’s Belgian operations.

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