Printer Friendly

170 BARRATT STAFF BOOTED.

UP to 170 staff will lose their jobs tomorrow when 18 shoe shops belonging to troubled Barratt Priceless group are axed.

The group, who employ nearly 4000 workers, crashed into administration earlier this month, blaming cut-throat competition and squeezed household budgets.

Accountants from administrators Deloitte said yesterday five branches of Barratts and 13 Priceless stores would close tomorrow with the loss of 127 jobs. In addition, they said 43 staff were being made redundant at the firm's headquarters in Bradford.

Joint administrator Daniel Butters said staff had been briefed about the "regrettable" decision and would be paid up to the last day of employment.

He said Deloitte would continue to try to find a buyer for the rest of the business, who have 191 shops and 371 concessions but debts of pounds 240million.
COPYRIGHT 2011 Scottish Daily Record & Sunday
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:Daily Record (Glasgow, Scotland)
Date:Dec 22, 2011
Words:133
Previous Article:Your texts.
Next Article:TORY AND TELLY CHEF CLASH OVER FISH RETURNS.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters