BARRATTS SHOES, WHICH has stores in Ireland and the UK, is to enter administration, placing over 1,000 jobs at risk.
Management at the company, which is headquartered in Bradford, say they were left with no option after an investor pulled out of a multi-million euro plan to finance the firm last week.
Philip Duffy and David Whitehouse of global financial advisory firm Duff & Phelps were appointed joint administrators on Friday.
They are seeking to sell the business on as a going concern. According to a statement from the administrators, redundancies and/or store closures “cannot be ruled out”.
The company operates 75 stores and 23 concessions across the UK and Ireland employing 1,035 people, of which 521 are part-time workers.
It has fifteen Republic of Ireland stores, including outlets in Dublin city centre, Blanchardstown, Cork, Dundalk, Galway and Kilkenny.
There are also 14 Barratts outlets in Northern Ireland.
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