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Barratts announces 1,610 redundancies | Barratts announces 1,610 redundancies |
(about 7 hours later) | |
The administrator of troubled shoe chain Barratts Priceless has said it has made 1,610 employees redundant. | The administrator of troubled shoe chain Barratts Priceless has said it has made 1,610 employees redundant. |
The job losses are at the retailer's concessions within other stores in the UK and the Republic of Ireland. | The job losses are at the retailer's concessions within other stores in the UK and the Republic of Ireland. |
Administrators Deloitte said selling the concession part of the business will "not be achieved". | Administrators Deloitte said selling the concession part of the business will "not be achieved". |
However they are still trying to find a buyer for Barratt's 173 high street stores, which remain open. 18 store closures have already been announced. | However they are still trying to find a buyer for Barratt's 173 high street stores, which remain open. 18 store closures have already been announced. |
Deloitte said it is working with the concession holders, which include department stores, to see if the former employees could be re-employed in other parts of their businesses. |
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