Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
The sale of Dune has been delayed as the company has not received a bid which matched its valuation, according to reports from Drapers.
The retailer has received offers from Footasylum owner Aurelius and Next for founder Daniel Rubin’s controlling stake in the business.
Dune appointed KPMG to run its sales process back in March as it looks to accelerate growth.
Daniel Rubin, founder and chairman, said when the sale was announced: “Having spent 47 years in the footwear industry the time is right to realise the investment I have made in Dune. The business is strong with a first-class management team and exciting growth opportunities, both in the UK and internationally.”
Last month the company reported a 73% increase in EBITDA to £10.9m for the year ended 28 January 2023, with sales up 20.8% to £141.4m in the same period.
