THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Interviews
Property
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Barratts management agree rescue deal

The existing management team at failed shoe retailer Barratts Priceless has reached a deal with administrators to buy 89 stores and the company's online business.

GENERAL MERCHANDISE

Barratts management agree rescue deal

The existing management team at failed shoe retailer Barratts Priceless has reached a deal with administrators to buy 89 stores and the company's online business.

The deal will protect 1,184 full-time and part-time jobs but 680 jobs will still be lost as 39 stores and 14 concessions close.

Barratt's chief executive Michael Ziff said in a statement: "I am delighted that we have been able to conclude this deal and save as many jobs as we have. The last few months have been very challenging but we have a great team in place."

Barratts collapsed into administration last month. The company was previously put into administration in 2009 but Ziff, chairman of Barratts Priceless parent company Stylo, was able to save around 3,000 jobs when he bought 160 shops from administrators Deloitte.  However, 220 stores were closed by the administrators.

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy