Barratts finds buyer - Business - ITN.co.uk A deal has been struck to buy beleaguered shoe chain Barratts, but administrators say it is likely 680 jobs will be lost at the company. The arrangement will see the existing management team take over 89 stores and 1,184 jobs, but administrators Deloitte said 39 stores and 14 other concessions are likely to be cut. Around 1,600 jobs at existing concessions were lost in December as the struggling firm fell into administration following warmer than expected winter weather. Chief executive Michael Ziff said "I am delighted that we have been able to conclude this deal and save as many jobs as we have. The last few months have been very challenging but we have a great team in place. Mr Ziff, chairman of Barratts parent company Stylo, took control after buying 160 shops from Deloitte after the chain was last put into administration in 2009. At the time, 220 stores were lost, although around 3,000 jobs were saved throughout the company.