SHOES & SOX

Website: www.shoesandsox.com.au

Investment date: March 2015

Company Description

Founded in 1987, Shoes & Sox is Australia's leading independent children's footwear specialist. Focused on the premium childrens' and infants' shoe market, Shoes & Sox has a reputation for fitting expertise -"we fit feet right." Shoes & Sox currently employs around 200 staff across 24 stores, which are located in premium Australian metropolitan shopping centres.  Prior to Anchorage's acquisition of Shoes & Sox in March 2015, the company had been owned and operated by its founders. 

Investment Overview

The acquisition of Shoes & Sox is highly complementary to Anchorage's existing portfolio company Brand Collective, acquired in December 2014. As Brand Collective's largest customer for Clarks shoes, the acquisition of Shoes & Sox enhances Brand Collective's pathway to the customer and improves Brand Collective's position in the footwear value chain. Along with the strategic value for Brand Collective, there is significant opportunity to grow the Shoes & Sox retail network in this specialty segment.  

Simon Woodhouse is Chairman of Shoes & Sox, and is joined on the Board by Daniel Wong.  Todd Twining is assisting management with strategic and growth initiatives.  The founders remain in their current roles, leading the Shoes & Sox business.