Two British footwear chains have entered administration , a form of company liquidation in the United Kingdom. Both Barratts and PriceLess are owned by parent company Stylo . Stylo has not entered administration itself but shares have been suspended. The chains have a joint workforce of around 5,450 employees and operate 400 stores around the United Kingdom. In February Stylo purchased 24 stores from shoe retailer Dolcis after it had gone bust. A spokesman for Stylo said that they did not anticipate any short-term improvement in trading conditions. It was also mentioned that the company had the support of the Lloyds Group and Barclays Bank . No stores are yet planned to close. Other companies that have entered administration due to the financial crisis include MFI, Rosebys, Whittard of Chelsea and Zavvi .
Two British footwear chains have entered , a form of company liquidation in the United Kingdom. Both Barratts and PriceLess are owned by parent company . Stylo has not entered administration itself but shares have been suspended. The chains have a joint workforce of around 5,450 employees and operate 400 stores around the United Kingdom. In February Stylo purchased 24 stores from shoe retailer after it had gone bust. A spokesman for Stylo said that they did not anticipate any short-term improvement in trading conditions. It was also mentioned that the company had the support of the and . No stores are yet planned to close. Other companies that have entered administration due to the financial crisis include , , , and .
D
administration
D
Stylo
D
Dolcis
R
Lloyds Group and Barclays Bank
and
R
MFI, Rosebys, Whittard of Chelsea and Zavvi
, , , and