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Hotter Shoes

Hotter Shoes, the Lancashire-based chain of 52 footwear stores with 1,000 staff, is to be acquired by private equity firm Electra for £200m.

Hotter Shoes is planning to open a further 13 stores this year, and is also increasing production capacity at its factory in Skelmersdale.

Hotter Shoes has secured a £21m investment from Gresham Private Equity to fund the expansion of its Skelmersdale-based shoes business, including new plant and IT systems and the development of retail outlets and export markets.