Jacobson Group chairman Harvey Jacobson is one of the backers to have bought Barratts’ website and intellectual property, it has emerged.
The footwear entrepreneur set up a new company, W Barratt & Co, shortly before Christmas through which it acquired the assets on December 20 for £300,000 plus VAT.
According to documents filed at Companies House Jacobson is registered as the primary company director of Leeds-based W Barratt & Co. Simon Robson is the second director named on the incorporation documents.
Administrators Duff & Phelps said they received two offers but noted that Jacobson’s “represented the best return to creditors and therefore was progressed to completion”.
Pavers, which has already acquired a number of Barratts stores, is thought to have been the second bidder.
Barratts collapsed with nearly £7m-worth of debt, of which more than £6m is owed to trade partners.The business went into administration for the third time in five years in November following difficult trading conditions. Although further stores are expected to be sold, the company is is expected to be dissolved.
Jacobson did not respond to calls from Drapers.