House of Fraser suppliers: ‘Enough is enough’ Subscription
Several House of Fraser suppliers have hit out at the retailer’s pre-pack administration and subsequent sale to Sports Direct, fearing that they will once again be left to pick up the bill.
As Sports Direct buys House of Fraser out of administration, Drapers looks back over the 169-year history of the business and tracks the downward spiral from jewel of the high street to a business in distress.
Sports Direct acquires House of Fraser Subscription
Sports Direct has bought House of Fraser out of administration for £90m.
House of Fraser enters administrationSubscription
Embattled department store House of Fraser is to appoint administrators, after talks with investors failed to reach a deal to save the business.
House of Fraser confirms investment deadlineSubscription
House of Fraser has said it requires investment no later than 20 August in a posting to the Luxembourg stock exchange, where its bonds are listed.
House of Fraser’s fate could be decided todaySubscription
It is thought that House of Fraser’s creditors will come to a decision about the retailer’s future today. Bids from Sports Direct owner Mike Ashley, Edinburgh Woollen Mill Group owner Philip Day and turnaround specialist Alteri Investors remain in the picture.
Younger customers 'support department stores'Subscription
A survey of more than 1,200 adults has found 16-24 year olds visit department stores more often than older people, despite an overall preference for shopping online.
'Clock ticking' on House of Fraser rescueSubscription
Time is running out for House of Fraser to secure “vital funding” to maintain the 169-year-old department store chain’s place on the high street, albeit with a reduced footprint.
Exclusive: EWM Group ‘mothballs’ Jane Norman Subscription
Edinburgh Woollen Mill Group has put Jane Norman on hold to focus on its more recently acquired brands. It sees Jaeger and Austin Reed as a priority and is understood to have recently acquired Calvetron Brands.
House of Fraser has reached an out-of-court settlement with a group of landlords that had challenged its CVA and planned store closures, it was announced last night.