Store closures on cards as part of House of Fraser rescue package
Troubled retailer House of Fraser has come up with a rescue package aimed at saving the company from collapse.
The firm, which has eight stores in the West Midlands, is to enter into a Company Voluntary Arrangement in June with store closures expected to follow by the end of the year.
And as part of the package international retailer C banner is to become a majority shareholder in House of Fraser with 51% stake.
The conditions meant that House of Fraser will restructure its store portfolio – which is expected to lead to clo... 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...
