Dune calls in financial advisers in hunt for new investors
Footwear brand Dune has sought the services of global services firm KPMG as it looks to bring in new investment.
This follows a period of strong trading for the brand, which saw an increase in turnover to £139m for the year to January 2023, up from £109m recorded in 2022.
Dune also recorded an increase in earnings (EBITDA) from £6.7m to £10.1m.
The brand made a number of changes to its business model in the year to January, including reducing the amount of its department store concessions, restructuring its portfolio, and expanding its online and international presence.
Dune is planning to open 25 standalone stores in the UK over the next three years, while also continuing to grow globally, with international sales accounting for 35% of Dune’s business.
Dune founder and chairman Daniel Rubin said: “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.”