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Published
Jan 6, 2014
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Barratts acquired out of administration

Published
Jan 6, 2014

Footwear retailer Barratts has reportedly been bought out of administration for £360,000 according to the publication Insider Media. The chain fell into administration for the third time in five years this past November.

A Barratts store in Chester

The deal includes the sales of the retailer’s ecommerce business and intellectual property, which includes the brands Barratts and Priceless shoes.

Restructuring firm Duff & Phelps were appointed administrators and closed the retailer’s 42 remaining stores between Christmas and New Year, after having shuttered 75 stores and 23 concessions since November.

On 23rd December, Yorkshire-based Pavers shoes purchased 14 Barratts stores in last-minute rescue bid and will continue to trade under the Barratts fascia for the next six months.

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