Administrators announce 12 jobs at risk at Boston's Brantano store

The shoe shop on Boston Shopping Park off Horncastle Road has so far not been sold, administrators PricewaterhouseCoopers has confirmed.

That mean 12 employees remain at risk of losing their jobs.

Tony Barrell, Mike Jervis and Rob Hunt of PwC were appointed joint administrators of Brantano (UK) Limited in January.

Following their appointment, the administrators have continued to trade the business whilst undertaking a sales process amongst interested parties.

Having now completed this process, the majority of the business has been sold to a company controlled by Alteri Investors, preserving 1,372 jobs and 140 stores and concessions.

But 58 stores and concessions - including Boston - have not been included in the Alteri acquisition and the administrators continue to trade these stores whilst dialogue continues with interested parties.

Mr Barrell, lead administrator, said: “We continue to trade the remaining Brantano business whilst discussions with interested parties continue. Unfortunately, in the event further sales are not possible, redundancies will become inevitable. We are working closely with Brantano employees and offering every support possible through this difficult period.”

Stores in Grantham and the one on Valentine Shopping Park in Lincoln also remain unsold.

However, the ones in Skegness and Spalding have been taken on.