No development on Boston’s Brantano, despite ‘closing down’ signs

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There has been no development over the future of Boston’s Brantano outlet, despite ‘store closing down’ signs in its window.

This is the indication from accountancy firm PricewaterhouseCoopers (PwC), which was appointed administrators of the shoe retailer earlier this month.

A spokesman for PwC told the Standard that the stores are still trading and the situation remained that ‘the administrators have been assessing interest in the business and formulating appropriate trading strategies as a result’.

They added: “This exercise will continue over the coming days and weeks. A decision has been made by the administrators to offer discounts across a number of stores in the portfolio to support this strategy.”

Robert Moran, deals partner at PwC, is leading the sales process and said: “We are encouraged by the level of interest we have received so far in the Brantano business, with a number of parties expressing interest for the entire business as well as enquiries received for individual leases and collections of leases.”

Tony Barrell, lead administrator, said: “Our trading strategy reflects our continued focus on selling the Brantano business as a going concern and we will continue to evaluate our strategy as the sale process progresses over the coming days.”