Pavers offers lifeline to Barratts - footwearbiz: Leading site for glo

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Pavers offers lifeline to Barratts

17/12/2013
Shoe company Pavers has reportedly offered £5 million to rescue UK firm Barratts, which fell into administration in November for the third time in four years.

Barratts hired financial advisers Duff & Phelps as administrators in November, risking 1,035 jobs, after failing to secure a £5m cash injection from investors in difficult trading conditions.

Pavers is thought to want to retain Barratt’s staff and stock, but with deep discounting, time may be running out.

Pavers is one of India’s fastest-growing retailers.


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