The administrators of Barratts have closed down all of the troubled retailer’s remaining stores and sold off its intellectual property three months after the company hit the buffers.
Philip Duffy of restructuring firm Duff & Phelps, which was appointed as administrator last month, said it closed the footwear retailer’s remaining 42 shops between Christmas and New Year after selling all of its stock.
The store closures comes after York-based footwear retailer Pavers acquired 14 Barratts shops across Northern Ireland and the Republic of Ireland, London and the Channel Islands before Christmas, saving 150 jobs. The stores are currently trading under the Barratts fascia.
Duffy said an undisclosed company has snapped up Barratts’ intellectual property, which includes the website and Barratts and Priceless brands, before licensing it to Pavers. The website remains down.