Brantano, the leading Belgian shoe retailer that is to be acquired by Macintosh Retail Group in the Netherlands, has adjusted its full-year forecasts upwards after a strong performance in the 3rd quarter. The company’s recovery in the UK appears to be well under way, with positive growth in comparable sales for the quarter. Brantano has continued to invest in the repositioning of its banner in the country, including TV commercials in the back-to-school period. Shareholders of Macintosh unanimously approved the takeover at Brantano at their general meeting on Nov. 15. The bid, which values the retailer at €158.2 million, still has to be approved by the relevant Belgian authorities (more in Shoe Intelligence).

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