Over 1,300 jobs and 140 outlets look likely to be saved at value shoe chain Brantano after a deal was struck to sell most of the company back to Alteri Investors.

Alteri put the company into administration last month after a difficult Christmas trading period. This puts the current deal into controversial territory.  Administrators PwC said they will continue to run the remaining Brantano stores and try to find a buyer. However, they warned redundancies would be “inevitable” if a deal is not agreed in the near future.