Manchester, England based Jacobson has bought the UK footwear chain Barratts brand as well as its e-commerce business out of administration.
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According to a representative of Duff & Phelps, administrators for Barratts went into liquidation in November of 2013, Jacobson’s company paid $500, 000 to purchase the Barratts footwear brands as well as the option to continue to operate the company’s website.
According to industry reports Harvey Jacobson will be setting up a new company to run the Barratt retail chain, with Simon Robson, a former director of Barratts being charge of the day-to-day running of the company.
In their heyday Barratts operated a total of 75 retail outlets as well as a further 23 franchise operations throughout the UK, employing more than 1000 people. However, the financial downturn of the last few years has had a calamitous effect on Barratts, and they have gone into liquidation three times in the last four years.
It is understood that leading UK shoe retailer Pavers, however, were also rivals of the Jacobson to acquire the group, have reached an agreement with Jacobson to continue to operate the stores under the Barratts trading name for an initial trial period of six months.
Harvey Jacobson is a well known businessman , traditionally based in the North West of England. Jacobson acts as the executive chairman of the Jacobson Group, an independent footwear retailer solely based in the UK, which owns more than 75 shoe and clothing brands including Dunlop, Gola, Frank Wright, Lotus, Lonsdale and Ravel.
As well as his interests in the shoe business, Harvey Jacobson is also involved in property development as well as international trade distribution.
Jacobson was named in the Sunday Times Rich List for the first time In 2007, and has remained there since.