Tag : House of Fraser
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.
HoF latest: staff could lose redundancy packagesSubscription
Up to 20 senior staff at House of Fraser face losing redundancy payments that were agreed before the department store chain collapsed, Drapers has learned.
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).
As the House of Fraser saga rumbles on and the repercussions continue to hit suppliers, there is much debate about who should be held accountable for the department store chain’s demise.
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.
Quiz expects £400k House of Fraser hitSubscription
Young fashion brand Quiz says it is expecting to make a £400,000 provision in its next set of financial accounts relating to debt owed by House of Fraser.
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.