Jobs at risk as shoe retailer Brantano enters administration
PUBLISHED: 11:30 23 March 2017 | UPDATED: 13:14 23 March 2017
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Jobs are at risk at a shoe retailer with stores and concessions in Norwich, Thetford, Lowestoft and Wisbech after tough trading conditions forced it to enter administration.
Brantano, which has around 2,000 staff and 140 stores across the UK, was acquired by Alteri Investors in October 2015 but the business was unable to turn around the firm’s decline.
Tony Barrell, lead administrator at PwC, said: “The continuing challenging conditions for ‘bricks and mortar’ retail stores are well documented. Like many others, Brantano has been hit hard by the change in consumers’ shopping habits and the evolution of the UK retail environment.
“The administrators are continuing to trade the businesses as normal whilst we assess the trading strategy over the coming days and weeks. Staff will be paid their arrears of wages and salaries, and will continue to be paid for their work during the administration.”