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. Meanwhile, in Belgium, the retailer has gone ahead with adjustments of its store concept and reported a good start to the Fall season. All in all, Brantano now expects to end the year with sales of more than €310 million and a recurring operating profit of more than €7 million, which was the higher end of its forecast so far. This figure excludes any gains from real estate transactions, such as the pre-tax profit of about €1.3 million that Brantano expects to make on the sale of a UK lease in the last quarter. The news will be welcomed by shareholders of Macintosh, who 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.