A HUDDERSFIELD shoe shop has been saved from closure after a deal was struck to rescue retailer Barratts Priceless.
The firm’s existing management team will acquire 89 stores, including one at Kingsgate, from the administrators.
The move safeguards 1,184 jobs – but 39 stores and 14 concessions will close with the loss of 680 posts.The stores to close include ones in Bradford, Doncaster and Keighley.
Daniel Butters, joint administrator at Deloitte, said the deal with the existing management team would ensure that the Barratts and Priceless brands and online business continued to trade.
He said: “We are delighted to have negotiated a deal, which will secure the employment of over 1,100 employees and ensure the Barratts and Priceless brands continue, especially given the adversity which has beset the high street over recent months.”
Barratts Priceless fell into administration last month after unseasonably mild weather compounded already difficult trading conditions.
Chief executive Michael Ziff said: “I am delighted that we have been able to conclude this deal and save as many jobs as we have.
“The last few months have been very challenging, but we have a great team in place.”