Thursday 27 July 2017

Barratts Shoes goes into 'administration', job loss fears

British company that operates Irish chain in equivalent of receivership

The British company that operates the Barratts Shoes retail chain has gone into “administration,” the equivalent of receivership, and a buyer is now being sought to save the business.

Barratts Shoes has 15 stores across the Republic of Ireland and a similar number in the North, part of a 75 strong chain.

The group employs 1,035 staff across the UK and Ireland, half of whom work time.

Joint administrators Philip Duffy and David Whitehouse of Duff & Phelps were appointed to take control of the business on November 8, and are now looking for a buyer for the company and reviewing the company’s financial position.

Redundancies cannot be ruled out, the administrators said.

Joint administrators were appointed after a £7m rescue offer fell through last week.

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