Shoe shop Aldo has collapsed into administration - and some stores will never reopen
Shoe chain Aldo has collapsed into administration after its Canadian parent firm Aldo Group confirmed it has drafted in administrators at insolvency specialists RSM.
Aldo has announced that five out of its 13 UK shops will not reopen.
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Aldo Group said it was "necessary" to place the UK arm of its business into administration due to the impact of coronavirus.
Aldo Group currently operates stores in more than 100 countries, including Canada, the US, Saudi Arabia and Singapore.