| Barratts administration puts 3,840 jobs at risk |
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Bradford-based chain of 191 Barratts and Priceless Shoes stores goes into administration for the second time since 2009.
British shoe shop chain Barratts has collapsed into administration, becoming the latest victim of a downturn in consumer spending and putting 3,840 jobs under threat. Deloitte, the business advisory firm, said on Thursday it had been appointed joint administrators over the Barratts Priceless Group. "Barratts and Priceless Shoes have faced a downturn in trading as a result of the difficult economic conditions. This has been exacerbated by the unseasonably mild weather in recent weeks which resulted in fewer sales across new winter lines," said Daniel Butters, joint administrator and partner in Deloitte's restructuring services practice. The Bradford-based firm has 191 shops in Britain trading as Barratts and Priceless Shoes and operates 371 concessions. |
