Tag : House of Fraser
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.
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’s announcement today that it is proposing to close 31 of its 59 stores is a sad but necessary development.
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 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.
House of Fraser to shut half its storesSubscription
House of Fraser could be set to shut as many of 29 of its 59 stores, as it prepares to launch a company voluntary arrangement (CVA) in a bid to save the struggling business, The Daily Mail reports.
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.
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.