Overview

• Deloitte administrators announced on June 13 that Wittner will be sold to The Shoe Group under a binding exclusivity period
• Wittner entered administration in mid-April after rising wages, occupancy costs and supply-chain disruptions eroded its sales
• Founded in 1912 as Australia’s first mail-order footwear business, Wittner has more than 20 standalone stores in Australia and New Zealand
• The Shoe Group is a privately owned Australian company with its own portfolio of brands and an extensive retail, online and wholesale network
• Administrators say the sale will deliver positive outcomes for Wittner’s employees, creditors, landlords and concession partners