Sale of Company
In the early 1990s the British Shoe Corporation converted approximately half of the 540 Freeman Hardy Willis branches into Hush Puppies shops and sold the remainder to Stephen Hinchliffe, an entrepreneur from Sheffield. After only a year, Hinchliffe's business empire collapsed. He was subsequently jailed after it was found that he bribed bank officials to obtain loans to buy the company. After providing "Shoes For All The Family" since 1875, Freeman Hardy Willis was no more by 1996. After closure, 44 former FHW branches were sold to Stead & Simpson.
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Famous quotes containing the words sale of, sale and/or company:
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