Deal paves the way for House of Fraser closures in region
A legal challenge by House of Fraser landlords has been settled, which paves the way for a potential rescue deal.
The settlement means the department store chain can go ahead with its plan to close 31 of its 59 shops, which it announced in June as part of proposals for a company voluntary arrangement (CVA).
Landlords were arguing that cutting rents at remaining stores as part of the CVA was unfair.
The stores earmarked for closure in the North West include Altrincham, Birkenhead and Carlisle.
House of Fraser has also shelv... 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...
