It has been widely reported that the UK arm of footwear retailer Aldo has gone into administration, following in the footsteps of its North American business. The retailer's Canadian parent company sought creditor protection in Canada, the US and Switzerland a few weeks ago. Aldo has said that this is a result of the impact of the COVID-19 pandemic. 

Professional services firm RSM has been appointed as administrators, and it has been exploring “future options” for eight Aldo stores in the UK while permanently closing the remaining five. UK customers will still be able to purchase Aldo online and concessions via ASOS and Amazon or in department stores. 

David Bensadoun, CEO of the Aldo Group, added: “It is a difficult decision to close our stores in the UK market, but it is unavoidable given the current business environment and the impact of the COVID-19 pandemic.”

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