UK: Cheaney Shoes in management buy-out
Luxury shoe firm Cheaney has been bought by its former management from Church & Co, a subsidiary of the Prada Group.
William and Jonathan Church, who are former directors of Church & Co, say they plan to develop the business through both wholesale and own-retail channels, and are putting together a new luxury men's shoe collection for autumn/winter 2010.
Cheaney was sold to Church & Co in 1964 and specialises in high-grade, men's welted footwear.
The company has more than 100 workers at its factory in Kettering, Northamptonshire, and also makes men's footwear for a number of high-end brands and retailers.
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