Stylo
Encyclopedia
Stylo plc is a UK based PLC engaged in footwear retailing based in Bradford
. It operates under more than 1 brand including Barratts, Priceless and Shutopia and supplies shoes to Dorothy Perkins. It formerly owned the Shelleys brand which was sold.
Stylo was a family run business which originated in 1935 with the consolidation of three separate companies the company was floated on the Stock Market under the trade name ‘Stylo Boot Company (Northern) Limited’. The company grew to have 150 outlets by 1964 when it put in a bid for W Barratt and Company. Barratts is now the principal brand for Stylo and the company now has more than 400 retail outlets.
On 13 February 2008, Stylo purchased 24 stores from collapsed shoe retailer Dolcis as well as the Dolcis brand name. The shops were rebranded as Barratts.
On 26 January 2009 Stylo's shares were suspended. This followed Stylo making a loss of £12.5m in 2008. In addition its two chains Barratts and PriceLess have gone into administration.
On 13 February 2009 Stylo itself went into administration having failed to reach agreement with its creditors and on the 19 February 2009 Deloitte
(Stylo's administrators) announced that 220 Barratt and PriceLess stores would be closing with the loss of approximately 2,500 jobs. The remaining 160 stores and 165 concessions would remain open having been sold to the management of Stylo which will continue to be led by Michael Ziff.
Stylo currently has approximately 6,500 staff.
Bradford
Bradford lies at the heart of the City of Bradford, a metropolitan borough of West Yorkshire, in Northern England. It is situated in the foothills of the Pennines, west of Leeds, and northwest of Wakefield. Bradford became a municipal borough in 1847, and received its charter as a city in 1897...
. It operates under more than 1 brand including Barratts, Priceless and Shutopia and supplies shoes to Dorothy Perkins. It formerly owned the Shelleys brand which was sold.
Stylo was a family run business which originated in 1935 with the consolidation of three separate companies the company was floated on the Stock Market under the trade name ‘Stylo Boot Company (Northern) Limited’. The company grew to have 150 outlets by 1964 when it put in a bid for W Barratt and Company. Barratts is now the principal brand for Stylo and the company now has more than 400 retail outlets.
On 13 February 2008, Stylo purchased 24 stores from collapsed shoe retailer Dolcis as well as the Dolcis brand name. The shops were rebranded as Barratts.
On 26 January 2009 Stylo's shares were suspended. This followed Stylo making a loss of £12.5m in 2008. In addition its two chains Barratts and PriceLess have gone into administration.
On 13 February 2009 Stylo itself went into administration having failed to reach agreement with its creditors and on the 19 February 2009 Deloitte
Deloitte Touche Tohmatsu
Deloitte Touche Tohmatsu Limited , commonly referred to as Deloitte, is one of the Big Four accountancy firms along with PricewaterhouseCoopers , Ernst & Young, and KPMG....
(Stylo's administrators) announced that 220 Barratt and PriceLess stores would be closing with the loss of approximately 2,500 jobs. The remaining 160 stores and 165 concessions would remain open having been sold to the management of Stylo which will continue to be led by Michael Ziff.
Stylo currently has approximately 6,500 staff.