Remaining Barratts stores closed as IP rights sold
THE administrators of shoe retailer Barratts have closed down all of its remaining stores and sold off its intellectual property.
The news comes three months after the Yorkshire business entered administration.
Philip Duffy and David Whitehouse, of insolvency firm Duff & Phelps, were appointed joint administrators of Barratts Shoes on November 8.
Duffy said it closed the footwear retailer’s remaining 42 shops between Christmas and New Year after selling all of its stock, according to Retail Week.
The closures follow York-based footwear retailer Pavers’ move just before Christmas to snap up 14 stores from Barratts, which saved 150 jobs.
Pavers bought stores located across Northern and Southern Ireland, London and the Channel Islands.
Duffy said an undisclosed company has bought Barratts’ intellectual property, which includes the website and Barratts and Priceless brands, before licensing it to Pavers.
