This week it emerged that Barratts was in financial difficulty yet again, and may have to call in the adminstrators for a third time if it is unable to secure an emergency loan. Drapers looks back at the family-owned footwear business.
1903 - The Barratt Boot and Shoe Company is established in Northampton.
1964 - Publicly listed company Stylo buys Barratts
1978 - Michael Ziff joins Stylo, his father’s company, as a director
October 2008 - Stylo, parent company of Barratt’s and Priceless sees losses increase from £7.5m to £9.3m as a result of rent, rates and wages and the “exceptionally difficult” trading environment.
February 19, 2009 - Ziff family buys Barratts and Priceless out of administration in a deal that saves 160 of the footwear retailer’s 380 stores. Ziff says his priority was to talk to suppliers and stablise the business.
December 2010 - Barrats overhauls management team, hiring John Hood, former managing director of Brantano as new brand director as Howard Stanton retires. It also appointed Deloitte strategic adviser Richard Hyman as non-executive director.
January 2011 - Barratts posts a £6.1m profits for the 18 months since being bought out of administration.
October 2011 - Hood is promoted to managing director, with Richard Segal being brought in as chairman.
December 8, 2011 - Barratts enters administration for the second time, with 2,200 people at risk of losing their jobs.
January 16, 2012 - Ziff saves 1,184 jobs when he buys 90 stores from administration.
October 26, 2013 - Barratts seeks emergency loan as it is on the verge of going into administration for third time.