Summary
A shoe company known for making baby shoes worn by British royal children is close to shutting down due to high costs and low demand. The company's owners are trying to find a buyer to keep the business going. The firm, which has been operating for over 70 years, struggles with increasing expenses and economic challenges.
Key Facts
- The shoe company produced shoes worn by Prince George, Princess Charlotte, and Prince Louis.
- The business is based in Leicester, UK, and known for the brands Early Days and Baypod.
- The company faces financial trouble due to decreased customer demand and higher business costs.
- The owners, Paul Bolton and his brother, are seeking a buyer to save the company.
- The firm previously saw a sales boost when Prince George was pictured wearing its shoes.
- Rising energy costs, material prices, wage increases, and taxes are adding financial pressure.
- The company once employed over 100 people but now only has 10 employees.
- Current shoe prices start at £12.99, with royal-endorsed shoes priced at £32 a pair.
