Administrators to Barratts have closed the troubled footwear retailer’s final stores two months after it collapsed.
Duff & Phelps, which was appointed administrator to the retailer in November, closed the remaining 42 shops between Christmas and New Year. All remaining staff have been made redundant.
The closures follow York-based footwear retailer Pavers’ acquisition of 14 Barratts shops across Northern Ireland and the Republic of Ireland, London and the Channel Islands before Christmas. The stores are currently trading under the Barratts fascia.
Duff & Phelps managing director Phil Duffy told Retail Week sister magazine Drapers that an undisclosed company bought Barratts’ intellectual property, which includes the website and Barratts and Priceless brands, before licensing it to Pavers. The website remains down.
Barratts hit the wall for the third time in five years in November following difficult trading conditions.