EMCC European Monitoring Centre on Change

Barratts Priceless

Company/Organisation:
Barratts Priceless

Geographic Location

Country: United Kingdom

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.72 - Retail sale of footwear and leather goods in specialised stores
Number Employed: 3840

Employment Effects

Announcement Date: 22-12-2011
Planned Job Reductions min: 2280
Planned Job Reductions max: 2280
Type of Restructuring: Bankruptcy
Foreseen End Date: 31-12-2011

Additional Information

Shoe retailer Barratts Priceless announced that it had gone into administration on 22.12.2011 with the loss of 1600 jobs across the UK.  The company blamed poor trading conditions that were compounded by the unseasonably mild winter. 

Update 15.1.2012: A further 680 jobs have been lost within the business, as administrators concluded a deal to sell 89 stores, close 39 stores and 14 consessions.