Partner Article

18 Barratts and Priceless stores set to close

Five Barratts and 13 Priceless shoe stores are set to close on 23 December 2011, leaving 127 employees redundant.

Daniel Butters, Neville Kahn and Adrian Berry from Deloitte were appointed joint administrators over the Barratts Priceless Group on Thursday 8th december 2011.

Daniel Butters, Joint Administrator and partner in Deloitte’s restructuring services practice, comments: “Regrettably, we have been unable to continue to trade all of the Barratts Priceless Group stores and have had to make 127 employees across 18 stores redundant.

“In addition, a total of 43 staff were made redundant from the head office based in Bradford.

“Employees in this position will be paid up until the last day of employment. We have provided the employees with full briefings to help them understand their position and the further support available through the Redundancy Payment Office.”

The administrators will continue to trade the stores whilst seeking a buyer for all or parts of the business as a going concern.

This was posted in Bdaily's Members' News section by Ruth Mitchell .