Speculation mounts over pet firm’s interest in Brantano stores
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Pets at Home are rumoured to be interested in acquiring a number of Brantano stores following the collapse of the discount shoe retailer.According to reports in Retail Week, the pet retail chain is among five interested parties – the others being Poundworld, Tapi, Iceland and Carpetright. Brantano went into administration in January, about four months after the chain was bought by an investment firm. Trading continued while a buyer was sought. Administrators PwC announced that the majority of the UK-wide business had been sold to Alteri, preserving 1,372 jobs and 140 stores and concessions. However, 58 stores and concessions were not included in the Alteri acquisition. Lead administrator Tony Barrell 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."
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