The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.72 - Retail sale of footwear and leather goods in specialised stores
2,280 jobs Number of planned job losses
Announcement Date
22 December 2011
Employment effect (start)
Foreseen end date
31 December 2011
Description
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.
Sources
31 December 2011: The Financial Times
22 December 2011: The Guardian
30 December 2011: BBC Website
15 January 2012: The Independent
Citation
Eurofound (2011), Barratts Priceless, Bankruptcy in United Kingdom, factsheet number 72929, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72929.
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