Sunday, December 15, 2019

Brantano shuts down online trading


Brantano has ceased online trading just days after falling into administration.

The retailer‘s website, which sells major footwear brands including Reebok, Sketchers and Rocket Dog, now redirects online shoppers to a list of 73 physical stores which are still trading.

Following a failed search for a buyer, Brantano appointed Tony Barrell and Mike Jervis of PwC as joint administrators the same week that Jones Bootmaker, also owned by Alteri Investors, narrowly avoided the same fate.

READ MORE: Jones Bootmaker rescued in last-minute pre-pack administration deal

This is the second administration in as many years, having fallen into a similar state in January 2016 before being bought by Alteri a month later for £12.2 million.

Jones Bootmaker was bought in a last minute pre-pack deal by private equity firm Endless, after it looked dead set on being the second casualty for Alteri in a week.

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