Barratts Priceless, owner of footwear chains Barratts and Priceless, has posted pre-tax profits of £6.1m in the 18 months since the administration of the chains’ former parent company, Stylo.
Stylo fell into administration in February 2009. Its then chairman and chief executive Michael Ziff and his family bought back 179 stores and 165 concessions from both businesses to form Barratts Priceless.
Barratts Priceless posted sales of £218.5m from February 1, 2009 to July 31, 2010, according to accounts filed at Companies House.
Ziff said: “They are good results, bearing in mind what we had to go through. We have had to spend money on redundancies and looking after suppliers.”