Brantano (UK) Limited (the “company”) - in administration

Published at 16:25 PM on 21 January 2016

Brantano (UK) Limited (the “company”) - in administration

Tony Barrell, Mike Jervis and Rob Hunt of PwC have today been appointed as joint administrators of Brantano (UK) Limited.

The company is a value shoe retailer operating 140 stores and 60 concessions across the UK and employs around 2,000 staff. The head office is based in Coalville, Leicestershire with around 200 of the staff.

Brantano (UK) Limited was acquired by Alteri Investors¹ in October 2015 but has experienced difficult trading conditions. This has resulted in the company being placed into administration, despite sustained efforts to make the business more commercially viable.

 

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.”

Robert Moran, deals partner at PwC, is leading the sales process and said:

“Brantano is an established value shoe retailer in the UK and Jones Bootmaker/Brantano businesses attracted considerable interest during the 2015 sales process. We are now assessing interest in the UK Brantano business as a whole or its parts and we welcome approaches from interested parties.”

Ends

Notes to editors:

¹ Alteri Investors also own Jones Bootmaker which is unaffected by this administration.

The Brantano brand trades under different ownership in other countries – the Administration only relates to the UK business.

Anthony Steven Barrell, Michael John Andrew Jervis and Robert Jonathan Hunt were appointed as Joint Administrators of Brantano (UK) Limited on 21 January 2016 to manage its affairs, business and property as its agents and without personal liability. Anthony Steven Barrell, Michael John Andrew Jervis and Robert Jonathan Hunt are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.  

 

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At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2016 PwC. All rights reserved

 


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About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2016 PwC. All rights reserved

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