Friday 31 October 2014

Barratts Shoes goes into 'administration', job loss fears

British company that operates Irish chain in equivalent of receivership

Published 11/11/2013 | 13:20

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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