House of Fraser website back onlineSubscription
House of Fraser’s website has been relaunched more than a month after it was taken offline.
Customers with unused House of Fraser gift cards are still waiting on refunds after the department store chain stopped accepting gift card purchases in stores, it has been reported.
Exclusive: Supplier to cut jobs amid HoF fallout Subscription
Berwin & Berwin, a men’s tailoring supplier that is part of Edinburgh Woollen Mill Group, has entered into a consultation period with a number of employees at its Leeds site, after it failed to reach an agreement with House of Fraser’s new owner Sports Direct over future trading terms.
House of Fraser is to axe its remaining house brands as it reshapes its strategy under new owner Sports Direct, Drapers understands.
Sports Direct denies Debenhams takeover bidSubscription
Sports Direct confirmed it does not intend to make an offer to acquire Debenhams, after a director admitted yesterday that merging it with House of Fraser had been discussed at board level.
Department stores face fight for survivalSubscription
The UK department store sector remained in turmoil this week, as question marks hung over the future of anchor stores in many shopping centres and high streets.
KPMG owed £277k for House of Fraser CVASubscription
Accountancy firm KPMG has accrued losses of £277,533 after being paid just less than half the fees it was owed by House of Fraser for work on its company voluntary arrangement (CVA).
House of Fraser website set to reopenSubscription
The House of Fraser website could be set to reopen next week after a deal was struck with its warehouse operator.
Mike Ashley’s Sports Direct is understood to have offered loans to some suppliers that are struggling to cope with unpaid debts from the collapse of House of Fraser.
House of Fraser supplier Edinburgh Woollen Mill Group (EWM) is pulling all its stock, including own-brand House of Fraser ranges it manufactures, out of the department stores after negotiations with its owner, Sports Direct, collapsed, Drapers can reveal.
A war of words has erupted this week over House of Fraser’s collapse into administration and the subsequent treatment of its suppliers.
Philip Day’s Edinburgh Woollen Mill Group (EWM) has temporarily closed its House of Fraser concessions, including Berwin & Berwin, Jaeger, Jane Norman and Calvetron Brands while discussions continue, Drapers can reveal.
Mike Ashley has called for House of Fraser’s former directors to face an Insolvency Service inquiry, claiming they “misled” suppliers and warehouse operators.
Landlords hit back at Ashley's 'greedy' jibeSubscription
Landlords and property experts have hit back at Mike Ashley’s claims that “greedy landlords” will scupper his plans to save House of Fraser stores.
House of Fraser’s distribution centres in Wellingborough and Milton Keynes have closed again shortly after reopening, Drapers understands.
House of Fraser’s Plymouth store will remain open, new owner Sports Direct has confirmed.
House of Fraser’s distribution centres in Wellingborough and Milton Keynes are reopening on 24 August, following a standoff between the retailer’s new owner Mike Ashley and site operator XPO Logistics, Drapers has learned.
House of Fraser in Telford to remain openSubscription
House of Fraser in Telford will remain open, saving 150 jobs, it has been confirmed today.
Suppliers braced for more pain from HoF fallout Subscription
Mike Ashley secured House of Fraser’s future on London’s Oxford Street this week, however, suppliers have warned of job losses, profit shortfalls and even risk of closure as debts are revealed.
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.
Reports suggest employees at a key warehouse supplying House of Fraser stores and online shoppers have halted work over delivery payment terms with Mike Ashley’s Sports Direct.
House of Fraser chairman exitsSubscription
House of Fraser chairman Frank Slevin has left the business, Drapers understands.
Moody’s to withdraw House of Fraser ratingSubscription
Credit ratings agency Moody’s has downgraded House of Fraser by three notches and will withdraw all of its ratings to reflect the “high expected losses” for financial creditors as a result of its pre-pack sale to Sports Direct last week.
House of Fraser struck a £1m “sweetheart” deal with landlords to drop their legal challenge to its company voluntary arrangement (CVA) days before it went into administration, Drapers can reveal.
House of Fraser’s new owner Mike Ashley said he will try to keep 80% of the department store chain’s 59 stores open and will add successful “cool brands of the moment”.
HoF administrator halts supplier paymentsSubscription
House of Fraser suppliers and concessionaires are urging Sports Direct to “do the right thing”, as they count their “substantial” losses for payments due before the department store chain went into administration last week.
Brands pull stock from House of FraserSubscription
Several concession holders have removed stock from House of Fraser following the retailer’s fall into administration last week.
Sports Direct has appointed property agency CBRE to start talks with House of Fraser landlords over the coming days.
Pension fears for House of Fraser Subscription
House of Fraser pension members could suffer a substantial cut to their benefits following the retailer’s fall into administration last week.
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.
Court date set for House of Fraser landlordsSubscription
A legal challenge by landlords against House of Fraser’s plan to close more than half its stores is set to be heard on 14 August, following the decision by Hamley’s Chinese owner C Banner to pull out of an investment ...
Philip Day enters the fray at House of FraserSubscription
Philip Day, the owner of Edinburgh Woollen Mill Group, has been named as one of the potential investors in talks about a rescue deal with House of Fraser.