Shoe retailer Brantano in administration

Fri, 22 Jan 2016 | ADMINISTRATION

Budget shoe retailer Brantano has been placed into administration, only four months after being purchased by investment firm Alteri Investors.

PwC are now trading the company in administration while a buyer is sought out. It is understood that many potential buyers have already stepped forward.

Staff are to be paid as normal for their work at the business while it is in administration, it has been confirmed by the administrators. Brantano has about 2,000 employees across its 140 stores and 60 concessions in the UK.

Retail investment firm Alteri Investors bought Brantano, as well as Jones Bootmaker, from Dutch firm Macintosh Retail Group in October. Jones is unaffected by the administration.

Administrator Tony Barrell 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."

It has become typical to see retailers fail after the quarterly rent day at the end of December, following on from the crucial Christmas trading period. Brantano is the first to encounter such difficulties this year.

Alteri specialises in turning around troubled businesses, but the BBC reported it became apparent that Brantano's trading situation “was worse than expected”, while its Christmas trading failed to meet expectations.

Contact the administrator
View other companies in administration


Share this article



Latest Businesses for Sale

Manufacturer of Railway Infrastructure Products
East Midlands, UK

Designs and manufactures high-performance rail electrical products and cable accessories. Caters to major rail, underground and tramway infrastructure projects throughout the UK, Ireland and Europe. Offers invited.

Asking Price: Offers Invited
Turnover: £1,400,000

LEASEHOLD


Haulage, Courier & Warehousing Services
North West, UK

Provides pallet pre-loading, storage and haulage on a 24/6 basis, as well as an array of complementary warehousing services. Bountiful asset list which includes 20 company trucks. Offers invited.

Asking Price: Offers Invited
Turnover: £2,480,000

LEASEHOLD


Golf Course & Driving Range with Licensed Clubhouse
Cambridgeshire, East of England, UK

Fantastic opportunity to acquire extensive and well maintained estate held on long secure renewable lease. Offers invited.

Asking Price: £675,000
Turnover: £675,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Jun
 

'All options' being explored for collapsed Welsh cheese maker | ADMINISTRATION

A cheese-making factory in Snowdonia has collapsed into admi...

 
25
 
Jun
 

Port Talbot construction business enters administration | ADMINISTRATION

A construction company based in Port Talbot has fallen into ...

 
24
 
Jun
 

Digital account provider snapped up by Morses Club | BUSINESS SALE

Sheffield-based U Holdings Limited, which trades under the n...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
21
 
Sep
 

Cycle retailer seeks buyer | BUSINESS SALE

Evans Cycles have entered the market and are on the hunt for...

 
15
 
Jun
 

Cumbria hotel on sale for an undisclosed price | COMMERCIAL PROPERTY

A Georgian hotel from the 19th century has been put on the m...

 
11
 
Jun
 

Upholstery chain falls into administration | ADMINISTRATION

Fabb Sofas, the furniture retailer founded in 2016 by billio...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources