Sports Direct owner Mike Ashley has written down the entire value of his £11m stake in House of Fraser before the retailer proposed its company voluntary arrangement (CVA) last week.
BPF calls for urgent government review of CVAsSubscription
The British Property Federation (BPF) is demanding an urgent government review of the Company Voluntary Arrangement (CVA) process.
Government policies on business rates could have cost House of Fraser up to £3m in extra tax, it has been revealed.
Henri Lloyd goes into administrationSubscription
Sailing clothing brand Henri Lloyd has appointed administrators, citing “challenging trading conditions on the high street”.
Property owners are considering legal action against department store House of Fraser as it seeks to close 31 of its 59 stores in a company voluntary arrangement (CVA).
What went wrong at House of Fraser?Subscription
The announcement of House of Fraser’s company voluntary arrangement (CVA) on 7 June showed that one of the grand old dames of the high street is on its knees.
House of Fraser chief executive Alex Williamson said making the “brutal and grim” decision to launch a company voluntary arrangement (CVA) was the only way the struggling retailer could fight for survival.
House of Fraser suppliers have expressed shock and concern at the scale of store closures planned in its company voluntary arrangement (CVA) proposals, warning it may have a knock-on effect on brands and concession partners.
House of Fraser’s plans to close more than half of its stores in a controversial company voluntary arrangement (CVA) will be met with fierce opposition by landlords, Drapers understands.
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.