{"id":167240,"date":"2020-08-28T09:40:00","date_gmt":"2020-08-28T09:40:00","guid":{"rendered":"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/"},"modified":"2021-08-06T12:07:00","modified_gmt":"2021-08-06T12:07:00","slug":"hotter-investor-injects-2m-as-cva-challenge-period-ends","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/","title":{"rendered":"Hotter investor injects \u00a32m as CVA challenge period ends"},"content":{"rendered":"<p>Hotter Shoes investor Electra Private Equity has <strong>injected \u00a32m into the British footwear business<\/strong> as the challenge period for its CVA drew to a close.<\/p>\n<p><!--more--><\/p>\n<p>The restructuring of the comfort footwear specialist will now going ahead <strong>shifting its focus to e-commerce with the closure of 46 of its stores, <\/strong>reducing its store estate to 15.<\/p>\n<p>Creditors <a href=\"https:\/\/www.theindustry.fashion\/hotter-shoes-cva-approved-by-creditors\/\">approved the CVA last month<\/a> but in accordance with regulation a period of 28 days is allowed for any challenges to be heard.<\/p>\n<p>Now that period has completed Electra has confirmed its further investment and in a short statement it said: \"<strong>No challenges have been made and as such the CVA is now confirmed,<\/strong> and Electra will proceed to make a \u00a32m investment in Hotter, committed in support of the CVA process.\"<\/p>\n<p>The <strong>Skelmersdale-based business had been carrying out its digitisation strategy prior to the COVID-19 pandemic<\/strong> but the lockdown of non-essential retail left the business in its prior form, with a large physical retail footprint, unviable.<\/p>\n<p>It said had tried, unsuccessfully, to reduce the number of stores by negotiating with landlords when the pandemic struck and was left with no option but to pursue a CVA to <strong>safeguard the underlying business and 350 jobs.<\/strong><\/p>\n<p><a href=\"https:\/\/www.theindustry.fashion\/subscribe-now\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-146496 size-full\" src=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/Banner.jpg\" alt=\"\" width=\"1200\" height=\"260\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":139330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[16042,10585,6,10494],"tags":[12939,16487,9875,16488],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hotter investor injects \u00a32m as CVA challenge period ends - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Hotter Shoes investor Electra Private Equity has injected \u00a32m into the British footwear business as the challenge period for its CVA drew to a close. The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hotter investor injects \u00a32m as CVA challenge period ends - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"Hotter Shoes investor Electra Private Equity has injected \u00a32m into the British footwear business as the challenge period for its CVA drew to a close. The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-28T09:40:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-06T12:07:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2021\/07\/Hotter-Shoes-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"732\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lauretta Roberts\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lauretta Roberts\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/\"},\"author\":{\"name\":\"Lauretta Roberts\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89\"},\"headline\":\"Hotter investor injects \u00a32m as CVA challenge period ends\",\"datePublished\":\"2020-08-28T09:40:00+00:00\",\"dateModified\":\"2021-08-06T12:07:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/\"},\"wordCount\":206,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"CVA\",\"Electra Private Equity\",\"Footwear\",\"Hotter Shoes\"],\"articleSection\":{\"0\":\"COVID-19\",\"1\":\"Finance\",\"3\":\"News &amp; Insight\",\"4\":\"Retail &amp; Etail\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/\",\"url\":\"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/\",\"name\":\"Hotter investor injects \u00a32m as CVA challenge period ends - TheIndustry.fashion\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#website\"},\"datePublished\":\"2020-08-28T09:40:00+00:00\",\"dateModified\":\"2021-08-06T12:07:00+00:00\",\"description\":\"Hotter Shoes investor Electra Private Equity has injected \u00a32m into the British footwear business as the challenge period for its CVA drew to a close. The\",\"breadcrumb\":{\"@id\":\"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.theindustry.fashion\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hotter investor injects \u00a32m as CVA challenge period ends\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.theindustry.fashion\/#website\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"name\":\"TheIndustry.fashion\",\"description\":\"Fashion news, insights, podcasts and events for professionals from across the fashion sector.\",\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.theindustry.fashion\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\",\"name\":\"TheIndustry.fashion\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"contentUrl\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"width\":585,\"height\":217,\"caption\":\"TheIndustry.fashion\"},\"image\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/theindustryfashion\/\",\"https:\/\/twitter.com\/theindustryfash\",\"https:\/\/www.instagram.com\/theindustryfashion\/\",\"https:\/\/www.linkedin.com\/company\/10970016\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89\",\"name\":\"Lauretta Roberts\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c0dfd15bd9969aa1cbd9cdc088372e7c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c0dfd15bd9969aa1cbd9cdc088372e7c?s=96&d=mm&r=g\",\"caption\":\"Lauretta Roberts\"},\"description\":\"Lauretta Roberts is the CEO, Co-founder and Editor-in-Chief of The.Industry.fashion She is also the former director of brand &amp; propositions of trend forecaster WGSN and a former editor of Drapers magazine.\",\"sameAs\":[\"http:\/\/www.theindustrylondon.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hotter investor injects \u00a32m as CVA challenge period ends - TheIndustry.fashion","description":"Hotter Shoes investor Electra Private Equity has injected \u00a32m into the British footwear business as the challenge period for its CVA drew to a close. The","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/","og_locale":"en_GB","og_type":"article","og_title":"Hotter investor injects \u00a32m as CVA challenge period ends - TheIndustry.fashion","og_description":"Hotter Shoes investor Electra Private Equity has injected \u00a32m into the British footwear business as the challenge period for its CVA drew to a close. The","og_url":"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/","og_site_name":"TheIndustry.fashion","article_publisher":"https:\/\/www.facebook.com\/theindustryfashion\/","article_published_time":"2020-08-28T09:40:00+00:00","article_modified_time":"2021-08-06T12:07:00+00:00","og_image":[{"width":1100,"height":732,"url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2021\/07\/Hotter-Shoes-1.jpg","type":"image\/jpeg"}],"author":"Lauretta Roberts","twitter_card":"summary_large_image","twitter_creator":"@theindustryfash","twitter_site":"@theindustryfash","twitter_misc":{"Written by":"Lauretta Roberts","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/#article","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/"},"author":{"name":"Lauretta Roberts","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89"},"headline":"Hotter investor injects \u00a32m as CVA challenge period ends","datePublished":"2020-08-28T09:40:00+00:00","dateModified":"2021-08-06T12:07:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/"},"wordCount":206,"commentCount":0,"publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"keywords":["CVA","Electra Private Equity","Footwear","Hotter Shoes"],"articleSection":{"0":"COVID-19","1":"Finance","3":"News &amp; Insight","4":"Retail &amp; Etail"},"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/www.theindustry.fashion\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/","url":"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/","name":"Hotter investor injects \u00a32m as CVA challenge period ends - TheIndustry.fashion","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/#website"},"datePublished":"2020-08-28T09:40:00+00:00","dateModified":"2021-08-06T12:07:00+00:00","description":"Hotter Shoes investor Electra Private Equity has injected \u00a32m into the British footwear business as the challenge period for its CVA drew to a close. The","breadcrumb":{"@id":"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.theindustry.fashion\/hotter-investor-injects-2m-as-cva-challenge-period-ends\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.theindustry.fashion\/"},{"@type":"ListItem","position":2,"name":"Hotter investor injects \u00a32m as CVA challenge period ends"}]},{"@type":"WebSite","@id":"https:\/\/www.theindustry.fashion\/#website","url":"https:\/\/www.theindustry.fashion\/","name":"TheIndustry.fashion","description":"Fashion news, insights, podcasts and events for professionals from across the fashion sector.","publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.theindustry.fashion\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.theindustry.fashion\/#organization","name":"TheIndustry.fashion","url":"https:\/\/www.theindustry.fashion\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/","url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","contentUrl":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","width":585,"height":217,"caption":"TheIndustry.fashion"},"image":{"@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/theindustryfashion\/","https:\/\/twitter.com\/theindustryfash","https:\/\/www.instagram.com\/theindustryfashion\/","https:\/\/www.linkedin.com\/company\/10970016\/"]},{"@type":"Person","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89","name":"Lauretta Roberts","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c0dfd15bd9969aa1cbd9cdc088372e7c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c0dfd15bd9969aa1cbd9cdc088372e7c?s=96&d=mm&r=g","caption":"Lauretta Roberts"},"description":"Lauretta Roberts is the CEO, Co-founder and Editor-in-Chief of The.Industry.fashion She is also the former director of brand &amp; propositions of trend forecaster WGSN and a former editor of Drapers magazine.","sameAs":["http:\/\/www.theindustrylondon.com"]}]}},"_links":{"self":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/167240"}],"collection":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/comments?post=167240"}],"version-history":[{"count":0,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/167240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media\/139330"}],"wp:attachment":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media?parent=167240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/categories?post=167240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/tags?post=167240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}