STYLO chairman Michael Ziff has completed a rescue deal for part of the struggling shoe group which will see 2,500 jobs saved.

Mr Ziff and fellow directors including his brother Edward, the chief executive of property group Town Centre Securities, used family funds plus support from Lloyds TSB bank to seal a deal for 160 of the group's Barratt and PriceLess shops and another 160 concessions in stores operated by groups including Arcadia and the Co-op.

The remaining 220 stores are to close immediately with the loss of......for the full story register now for free or login below...