Liverpool young fashion independent Drome has been sold outright to Footasylum.
Husband and wife team Tim Keating and Louise Kavanagh stepped down after Footasylum co-founders David Makin – also a co-founder of JD Sports – and his brother Steve Makin took control of the business, which has three stores in the city.
The Makins first invested in Drome last year, which enabled Keating and Kavanagh to open a dedicated menswear store in Bold Street, Liverpool. Drome also has a vintage store in Bold Street called Drome Couture and a women’s shop, Drome Women, in Cavern Walks.
Drome womenswear buyer Gordon Webber, who has been at the business for six years, will take full responsibility for buying for Couture and Boutique. Kavanagh was previously heavily involved in buying. Keating may stay on as a consultant at the business, but this was unconfirmed as Drapers went to press.
Drome’s finance and logistics will now be run from Footasylum’s head office in Wilmslow in Cheshire. Footasylum has 10 stores.
Steve Makin said: “It makes sense to have all the businesses run from one central point, and it will also help suppliers. We are keeping the essence of a small independent retailer but giving it large company back-up.”