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Redbridge shops face closure risk after firms go into administration

PUBLISHED: 12:38 21 November 2013 | UPDATED: 12:38 21 November 2013

Barratts in High Road, Ilford could be closed

Barratts in High Road, Ilford could be closed

Archant

Two struggling high street chains have gone into administration again, putting their Redbridge stores at risk.

DVD rental chain Blockbuster revealed 72 of its stores will close, leading to 452 job losses.

And footwear firm Barratts announced last week it was going into administration.

Blockbuster last went into administration in January 2013 and announced the next month that 164 shops would shut, but its branch in The Broadway, Woodford Green, stayed open.

Barratts, which has a shop in High Road, Ilford, has gone into administration for the third time in four years and more than 1,000 jobs could be at risk.

A spokesman for Moorfields Corporate Recovery, administrators of Blockbuster, could not comment on the fate of individual branches.

Closures were not an “easy decision to make,” particularly before Christmas, and would likely be “extremely upsetting” to staff and customers.

Barratts’ administrators, Duff & Phelps, said: “At this stage redundancies and/or store closures cannot be ruled out.”


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