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Boost for Barratts and Boots chains.

ADMINISTRATORS found a buyer for a crisis hit shoe chain.

Barratts Priceless Group yesterday announced a deal to ensure the Barratts and Priceless brands and the online business will continue to trade.

The sale will include 89 stores and has safeguarded 1,184 jobs. It will mean closure of 39 stores and 14 concessions and 680 additional redundancies.

Daniel Butters, joint administrator and partner in Deloitte's restructuring services practice, said: "We are delighted to have negotiated a deal, which will secure the employment of over 1,100 employees and ensure the Barratts and Priceless brands continue."

Meanwhile, The owner of health chain Boots reported a strong Christmas yesterday driven by sales of beauty and cosmetic gift sets. Alliance Boots said its UK retail division, which has more than 2,500 stores, saw like-for-like sales grow 4.1% in the five weeks to December 31.
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Title Annotation:Business
Publication:Daily Post (Liverpool, England)
Date:Jan 17, 2012
Words:144
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