Crisis on High Street deepens as retail sector hit by double blow

House of Fraser
Department store chain House of Fraser has appointed administrators after talks with potential investors failed to result in a rescue. In a statement, it said that talks with investors and creditors had "not concluded in a solvent solution". House of Fraser employs 17,500 people, including 11,500 concession staff.

The proposed administrators have confirmed that the business will continue trading, including all stores and offices, while they seek to complete a sale. All stores will be open for busines... You can carry on reading 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...