Intu valuation falls by 6%Subscription
Shopping centre operator Intu said the current negative sentiment towards retail and retail property has hit its valuations, with a revaluation deficit of £650m, down 6% on the previous year.
Legal action against House of Fraser could stem the wave of company voluntary arrangements (CVAs) by high street retailers, property experts have told Drapers.
Obituary: Retail veteran Don McCarthy has died Subscription
Retail veteran and former executive chairman of House of Fraser, Don McCarthy, aged 63, died on 21 July after a long battle with cancer.
A group of landlords has filed a petition in the Scottish Courts, challenging House of Fraser’s company voluntary arrangement (CVA).
Landlords tried to block House of Fraser CVASubscription
House of Fraser’s restructuring plans faced tough opposition from landlords, and several high-profile investors attempted to block the department store chain’s company voluntary arrangement (CVA).
The retail industry expressed a mix of emotions following the approval of House of Fraser’s company voluntary arrangement (CVA) today (22 June). Many suppliers breathed a sigh of relief, but some landlords are understood to be considering legal action against the department store chain.
House of Fraser CVA result revealed Subscription
House of Fraser creditors have approved the retailer’s company voluntary arrangement (CVA) proposals, filed on 6 June.
HoF alters ownership structure ahead of CVA voteSubscription
House of Fraser has altered the ownership structure of one of the two companies facing a company voluntary arrangement (CVA) vote today (22 June).
House of Fraser has axed four merchandising directors and placed a significant proportion of its buying and merchandising teams into consultation amid a shake-up of its brand strategy, Drapers understands.
Ahead of the crucial vote on its company voluntary arrangement (CVA) tomorrow, struggling department store House of Fraser has said it will focus on the “best selection” of contemporary brands, exclusivity and an agile response to trends as it battles to keep with consumers.