Sports Direct founder Mike Ashley has signed to keep the House of Fraser flagship on Oxford Street open, in a move which “cements his intentions for the department store chain”.
Harrods managing director Michael Ward has spoken out in support of Sports Direct owner Mike Ashley’s plans to restore House of Fraser.
HoF collapse puts XPO Logistics jobs at riskSubscription
XPO Logistics, the company running House of Fraser’s Wellingborough and Milton Keynes distribution centres, has placed more than 600 members of staff into consultation, following the retailer’s fall into administration.
House of Fraser website redirects to FlannelsSubscription
House of Fraser’s website is now redirecting customers to Flannels, as the department store enters its sixth day without an ecommerce presence.
Luxury accessory brand Mulberry has warned the collapse of ailing department store House of Fraser could result in a ”material reduction” in its full-year profits.
House of Fraser creditors owed £484mSubscription
House of Fraser’s unsecured non-preferential creditors, including suppliers, are thought to be owed around £484m, a report from administrator EY has shown.
House of Fraser cancels all online orders Subscription
House of Fraser has cancelled all online orders, following “significant delays” with deliveries.
The owner of Edinburgh Woollen Mill Group, Philip Day, is in talks with a group of landlords to take over several House of Fraser stores, Drapers understands.
House of Fraser website pulled offlineSubscription
House of Fraser’s website has been taken offline amid a dispute with warehouse operator XPO Logistics.
Debenhams shares soared yesterday as rumours arose that Mike Ashley could make a bid for the department store.