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11/11/2013
Barratts Enters Administration
Barratts Shoes has entered administration.
The retailer, which employs more than 1,000 people across UK and Ireland, appointed Duff & Phelps as joint administrators on Friday afternoon.
In a statement Duff & Phelps said: "The joint administrators are reviewing the company's financial position whilst seeking a going concern sale of the business.
"At this stage redundancies and/or store closures cannot be ruled out."
The administrators blamed the "difficult trading conditions".
Barratts Shoes employs 1,035 workers, 521 of which are part-time.
(CD/IT)
The retailer, which employs more than 1,000 people across UK and Ireland, appointed Duff & Phelps as joint administrators on Friday afternoon.
In a statement Duff & Phelps said: "The joint administrators are reviewing the company's financial position whilst seeking a going concern sale of the business.
"At this stage redundancies and/or store closures cannot be ruled out."
The administrators blamed the "difficult trading conditions".
Barratts Shoes employs 1,035 workers, 521 of which are part-time.
(CD/IT)
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