Tag : House of Fraser
Is this the death of the department store?Subscription
Following Mike Ashley’s purchase of House of Fraser out of administration, Drapers asks industry experts what department stores need to do to survive and thrive.
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.
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’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.
'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.
There are very few people that have had such an impact on the industry while keeping such a low profile as Philip Day.
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.
'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.