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Stylo has sold its six Shellys footwear stores to Eternal Best Industries for undisclosed terms.
Stylo is to buy the stock and brand name of Dolcis out of administration, including the temporary right to trade from 24 Dolcis footwear stores.
Stylo is considering plans to open a further 100 footwear stores over the next two years.
Stylo has acquired Shelly's, the operator of 11 high street shoe shops, for £1.5m.