Hundreds of jobs go at Barratts Priceless

ADMINISTRATORS of the shoe retailer Barratts Priceless have announced the redundancies of 1,600 staff. 

But the administrators also revealed they are in “active discussions” over a deal that could rescue a “significant part” of the business.

Today’s decision to make staff redundant came after the administrators failed to find a buyer for the Bradford-based group’s concession business.

Daniel Butters, joint administrator and partner in Deloitte’s restructuring services practice, said: “Following a marketing of the Barratts Priceless businesses it is clear that a satisfactory sale of the concession to a new party will not be achieved. 

“Accordingly, the joint administrators have regretfully had to make approximately 1,610 Barratts Priceless Group full and part time employees working in the various concessions redundant.”

The administrators said they were “in conversation” with concessionaires to see if any of the staff affected could be absorbed into their businesses.