House of Fraser store closure plans approved
Creditors have backed department store chain House of Fraser's plans to close more than half its stores.
Three stores in the North West are to close in Altrincham, Birkenhead and Carlisle. The firm also revealed it is pulling the plug on plans for a store in Chester.
The troubled retailer will now go ahead and shut 31 of its 59 shops nationwide and impose big rent cuts on 10 others that it intends to keep through a company voluntary arrangement (CVA), a form of insolvency proceedings.
It came up with the rescue package last m... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
