The joint administrators of Dolcis – Brian Green, Allan Graham and Howard
restructuring practice – has completed the sale of the Dolcis brand and its
retail stock together with a number of retail stores to Stylo Barratt Shoes
Limited for an undisclosed sum.
Stylo Barratt Shoes is owned by AIM-listed, Yorkshire-based
Stylo plc which owns the
Barratts and PriceLess High Street shoe retail brands. As a result of the sale
and other arrangements Stylo Barratt Shoes has made with third parties, about
300 Dolcis employees will be given employment at Stylo Barratt Shoes.
‘We are very pleased to have achieved this transfer of assets of the Dolcis
business and to have generated a return for creditors,’ Green said.
‘The sale to Stylo represents an excellent result, particularly given the
difficult market conditions in which we have been negotiating a deal. The retail
sector is currently under pressure but the Dolcis stores represent a good
investment for Stylo, offering opportunities to increase the High Street
presence of the Barratts and PriceLess brands.’
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
Colin responds to the call for 'Darwinism' in accountancy
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team