By Marcus Leach
Barratts Priceless Group, the high street shoe chain, has gone into administration for a second time.
The decision to call in the administrators will put the jobs of 3,840 people at risk, and is a further blow to the group, who have 191 shops, after being in administration in 2009.
"Barratts and Priceless Shoes have faced a downturn in trading as a result of the difficult economic conditions," administrators Deloitte said.
The previous administration of Barratts resulted in 220 of its 380 stores being closed.
"We are working closely with suppliers to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors," Deloitte added.
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