Tag : House of Fraser
'Critical time' looms for House of Fraser Subscription
Suppliers have voiced fresh concerns for House of Fraser ahead of a “crunch time” next month when the department store will be faced with rent and rates bills at the same time it is building its inventory ahead of the key peak trading period.
Struggling department store House of Fraser is understood to be in talks with Sports Direct owner Mike Ashley over a £50m investment deal.
A bid to takeover one of House of Fraser’s stores in the City of London has been halted after the landlord opted to sit on the property due to market uncertainty.
A group of landlords has filed a petition in the Scottish Courts, challenging House of Fraser’s company voluntary arrangement (CVA).
Credit insurance crunch time for high streetSubscription
Suppliers are struggling to find routes to market for big-volume orders, as credit insurance is withdrawn from troubled high street retailers.
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).
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.