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Shoe chain Aldo collapses into administration over coronavirus with five stores permanently closed

1 month ago   |   By The Irish Sun

SHOE retailer Aldo has collapsed into administration in the latest coronavirus tragedy to hit the UK high street.
Its Canadian parent firm Aldo Group today confirmed it has drafted in administrators at insolvency specialists RSM.
Aldo has announced five of its stores will never reopen Getty Images - Getty
Aldo Group said it was “necessary” to place the UK arm of its business into administration due to the impact of coronavirus.
The move has resulted in the permanent closure of five Aldo stores.
Administrators will now explore options for the remaining eight of the retailer's stores.
Aldo...
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Shoe chain Aldo goes bust over coronavirus with five stories immediately closed

Shoe chain Aldo goes bust over coronavirus with five stories immediately closed

1 month ago   |   By The Sun

SHOE retailer Aldo has become the latest casualty of coronavirus on the UK high street, as its Canadian parent firm drafted in administrators
Aldo Group said it was “necessary” to place the Aldo UK business into administration due to the impact of the pandemic.
The move resulted in the immediate closure of five of its stores, the company said.
Administrators at insolvency specialists RSM have held onto eight of the retailer's stores as they look to explore further options for the company.
The company said the collapse was also driven by “historic profitability challenges and the...
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