The Isle of Wight’s only Brantano store has been saved from total closure after being bought by a rival firm.
As reported by Island Echo last month, the future of the footwear store in Newport was put at risk when the nationwide company entered administration. However, competitor footwear chain Pavers have secured a deal to purchase a total of 4 stores from administrators PwC.
The newly struck deal means the Town Quay store will remain open and over the next 2 months will be re-branded as Pavers.
It is thought all staff will be kept on.
Managing director of Pavers, Stuart Paver has said:
“We have recently made it clear that Pavers is embarking on a period of strategically planned and focused growth.
“This opportunity fitted perfectly into our expansion plans, allowing us to move into a select number of areas within the UK where we are currently under-represented.
“Importantly the jobs at all four stores will be saved. We expect to rebrand these stores and be trading within 6-8 weeks, bringing comfortable, stylish, and good-value footwear to everyone locally.”
