Administrators from KPMG have sold Nottingham-based Solution Footwear to shoe company Moda in Pelle, which is based in Leeds.

The sale of Solution - which went into administration on 7 June- will save 40 jobs. The chain operates five shops in Leicester, Derby, Sheffield, Nottingham and Lincoln.

KPMG administrator Richard Philpott said: "The business has attracted plenty of interest during the month in which it was in administration so it's pleasing to now be able to announce this sale.

"With a sale now concluded, we believe that the intention is to re-open all of the stores as soon as possible."

Moda operates more than 30 stores in the UK.