Retailer Pavers Shoes has bought 14 Barratts stores out of administration.
York-based Pavers said the shops are located across Northern and Southern Ireland, London and the Channel Islands.
Pavers said the move would consolidate its position as one of the largest footwear retailers in the UK and Ireland with over 1,200 employees.
The firm’s managing director Stuart Paver said: “Pavers are happy to be able to secure the future of over 150 loyal employees especially just before Christmas and welcome them into the Pavers family.
“We are currently looking at another five to 10 stores and hope we can announce more positive news within the next few weeks.
“This acquisition will be the bridgehead that allows us to bring Pavers’ amazingly comfortable footwear to a large number of high streets over the next few years.”
Pavers was founded in 1971 by Cathy Paver, who still works full-time for the company.
Last month the firm opened its 100th store in the newly constructed London Designer Outlet.
Mr Paver made history when his company won Indian government approval to open foreign-owned stores.
He said the company is still growing in the UK, but India is the only place where it has the chance of becoming a billion-pound business.
“It’s important that everyone goes out there and tries it. If we can do it, anyone can,” he added.