Dune appoints advisers to carry out strategic review

Footwear retailer Dune has appointed advisers from KPMG to conduct a strategic review of the 43-store chain.

According to Sky News, the business which was founded in 1992, one of the options under consideration is entering into a CVA process. 

As well as its stores, Dune has 175 concessions, some of which have had to be closed as a result of the liquidation of department store chain Debenhams.

Founder and CEO Daniel Rubin told Sky News: "The trading environment continues to be extremely tough, and like many other high street retailers, we are reviewing all aspects of our business to ensure we're in the best position possible to navigate our way through this difficult period."

A CVA is by no means a foregone conclusion but the chain may seek to agree turnover-based rents across its estate, in common with a number of other retailers.

Other fashion retailers who have secured turnover-based rents across some stores as a result of CVAs include Jigsaw and AllSaints.