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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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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
