73 Retail franchising partner of the American brand of shoes and clothes outdoor Timberland in the UK closes half of the brand's stores under its management.
The retailer made this difficult decision in November 2019 due to the difficulties that the business has been experiencing recently, which were caused by the difficult situation on the market, instability in the industry and business development trends.
In addition to Timberland retail stores, The North Face and Havaianas will be closed. The 12 remaining Timberland franchised stores in the UK will continue to develop under the control of another company.
In addition to franchised stores, Timberland independently manages a network of 25 stores in the UK and will continue its development. Apparently, the brand plans to further invest in development in this country, as can be evidenced by the opening of a new flagship in London at Carnaby Street in November last year.
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