Footwear retailer Pavers acquires four Brantano stores

By

Barbara Santamaria

Published
Apr 13, 2017

Pavers, a family-owned footwear business operating in the UK and Ireland, has acquired four Brantano stores from administrators PwC, preserving 45 jobs.

The stores are located in Bournemouth, Lincoln, Newport (Isle of Wight) and Newton Abbot.

Brantano has suffered from a rise in costs due to the fall of the pound as well as difficult trading conditions in the UK footwear market. It appointed Tony Barrell and Mike Jervis of PwC as joint administrators on 22 March.

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Among the businesses rumoured to be interested in purchasing parts of the company was Pavers, which has more than 115 stores across the UK and Ireland.

"We have recently made it clear that Pavers is embarking on a period of strategically planned and focused growth.  This opportunity fitted perfectly into our expansion plans, allowing us to move into a select number of areas within the UK where we are currently under represented,” said Pavers managing director Stuart Paver.

"Importantly the jobs at all four stores will be saved. We expect to rebrand these stores and be trading within 6-8 weeks, bringing comfortable, stylish, and good-value footwear to everyone locally."

Lead administrator Tony Barrell said: “We continue to trade the rest of the stores and concessions, whilst engaging in ongoing discussions with interested parties about the potential sale of further parts of the business."

Brantano axed 34 jobs at its Hinckley headquarters in Leicestershire earlier this month and the future of the retailer’s further 69 stores and 64 concessions still remains uncertain.