Partner Article

No buyer for Barratts concession outlets

Administrators of the stricken shoe retailer, Barratts Priceless Group have announced no buyer has been found for it’s concession business.

The news confirms job losses across Barratts Priceless units in the UK and the Republic of Ireland.

Daniel Butters, Joint Administrator and partner in Deliotte’s restructuring services practice, commented: “Following a marketing of the Barratts Priceless businesses it is clear that a satisfactory sale of the concession to a new party will not be achieved.

“Accordingly, the Joint Administrators have regretfully had to make approximately 1,610 Barratts Priceless Group full and part time employees working in the various concessions redundant.”

A buyer for Barratts 173 high street stores is still being sought, as the division saw 18 closures before Christmas.

The concession businesses are predominantly in Arcadia Group stores and Deloitte has stated that they are “in conversation” with concession holders, to see how many of the affected staff could be re-employed in other parts of their businesses.

This was posted in Bdaily's Members' News section by Tom Keighley .