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.
HoF CVA ‘inevitable’, say industry sources Subscription
Retailers, landlords and industry observers have said House of Fraser’s planned company voluntary arrangement (CVA) was “inevitable”, but warned the department store chain needs “serious investment” if it is to turn around successfully.
HoF launches CVA as sale deal confirmed Subscription
House of Fraser will launch a company voluntary arrangement (CVA) process in June, as the department store retailer’s owner confirms it is to sell a 51% stake in the business to C Banner, owner of Hamleys.