House of Fraser CVA revealedSubscription
House of Fraser proposes to close 31 of its 59 stores, affecting 6,000 staff, in its company voluntary arrangement (CVA) filed yesterday.
House of Fraser to shut half its storesSubscription
House of Fraser could be set to shut as many of 29 of its 59 stores, as it prepares to launch a company voluntary arrangement (CVA) in a bid to save the struggling business, The Daily Mail reports.
Landlords gear up for action against CVAsSubscription
Property owners are calling for action on company voluntary arrangement (CVAs), following controversy surrounding plans by Mothercare, House of Fraser and other retailers in which landlords face substantial losses.
House of Fraser claims CVA still ‘on track’Subscription
House of Fraser has denied media speculation that its future hangs in the balance, claiming the business is still on track with proposals to launch a company voluntary arrangement (CVA) this month.
Lenders to the embattled department store House of Fraser are said to be demanding evidence that the retailer’s Chinese owner will invest fresh funding into the business.
Former HoF CIO resurfacesSubscription
Former chief information officer at House of Fraser, Julian Burnett, has been appointed head of IBM’s UK retail division.
House of Fraser CVA faces backlashSubscription
A group of landlords are set to challenge department store House of Fraser to demand better terms as it tries to push through rent cuts and shop closures according to The Times.
Retailers have reiterated calls for government intervention to help the high street amid concerns regional towns will be left reeling from a wave of store closures.
Sports Direct in House of Fraser legal actionSubscription
Sports Direct has launched legal action against House of Fraser ahead of its proposed company voluntary arrangement.
House of Fraser stores hit by rates hike Subscription
House of Fraser’s London stores were subject to soaring business rates following the government’s revaluation last year.