The tough trading on the high street has claimed its latest
victim. Shoe retailer Barratts Priceless Group,
which has 191 stores across the UK trading as Barratts and
Priceless Shoes and 371 concessions, called in administrators
from Deloitte. The appointment puts some 3,840 jobs at risk.
Commenting on the situation, Daniel Butters, joint administrator
and partner in Deloitte’s restructuring services practice, said
in a statement, “Barratts and Priceless Shoes have faced a
downturn in trading as a result of the difficult economic
conditions. This has been exacerbated by the unseasonably mild
weather in recent weeks which resulted in fewer sales across new
winter lines.” The administrator will continue to trade the
stores whilst it seeks a buyer for all or parts of the business
as a going concern. The Barratts name was bought out of
administration by the
Ziff family in 2009.
Congratulations to Devon-based businesswoman Anne Walker MBE, who
was named winner of the everywoman Hera Award, a prize honouring
British entrepreneurial success. Walker is chief executive of
International Dance Supplies, a b-to-b marketer
of dancewear and accessories.
Kristine Kirby has joined Seattle-based flash-sales website
Zulily as UK managing director as the business
readies for a UK launch next year. Since its launch in January
2010, Zulily, has grown to more than 300 employees to support its
expanding member base of more than four million customers.
Local paper the Lutterworth Mail profiles the “rags to
riches story” of apparel cataloguer/retailer Joules.
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