In an attempt to revert its failed financial plans, the department store chain has launched a dramatic restructuring that involves closing more than half of its 59 stores to cut costs. The plan has a

House of Fraser rescue plan includes a CVA proposal to shut 31 stores across the UK and Ireland, which would see up to 6,000 jobs being lost. The struggling department store group, who opened its fir

Struggling department store group House of Fraser confirmed it is set to shut 31 of its 59 UK and Ireland stores, affecting 6,000 jobs, as it shares the details of its Company Voluntary Arrangement p

House of Fraser could be aiming to close as many as to 29 of its 59 stores, as it gears up to launch its company voluntary arrangement (CVA) in an attempt to turn its struggling business around. A la

House of Fraser has issued a statement in which it denies all recent media speculation that its future is hanging in balance. The department store group claims its business 'is still on track' as rep

A group of high street landlords is said to be preparing to challenge retailer's company voluntary arrangements, arguing they are being pressured into agreeing to rent reductions. Struggling retailer

London - Sanpower Group, the Chinese giant which is currently selling part of its majority stake in British department store chain House of Fraser, has restructured its business in order to accelerat

Marks & Spencer is reported to be shutting 100 of its large clothing and food shops in an attempt to revert poor sales and shrinking profits. It has already closed 20 as part of a plan announced

House of Fraser (HoF) witnessed a loss of 43.9 million pounds (59.6 million dollars) for the 12 months to December 31, 2017 against a profit of 1.5 million pounds (2.04 million dollars) a year before

London - Nanjing Cenbest, the parent company of House of Fraser Group Ltd. has confirmed that C.banner International, the Chinese owner of Hamleys iconic toy store chain, is set to acquire a 51 perce

London - C.banner International, the Chinese owner of Hamleys Toy chain, is said to be in discussion to acquire a stake in department store group House of Fraser according to a report. A statement re

Former House of Fraser’s executive and experienced fashion retail expert John King has been appointed CEO at Australian department store operator Myer. King held the reins at British fashion l

Department store chain House of Fraser is seeing many senior executive changes in the recent past. The latest to move out of the UK retailer, owned by China’s Sanpower, is Shahnila Rashid, com

London - Sanpower Group, the Chinese owner of British department store chain House of Fraser, has announced the launch of a new supply chain programme, designed to create a gateway for premium Chines

Amid growing fears concerning the future of struggling department store group House of Fraser, comes news that its Chinese owner is preparing to inject fresh capital into HoF. Sanpower, which holds a

London - House of Fraser's future remains uncertain after news emerges the struggling retail chain is seeking out additional financing. HoF is said to have held talks with Alteri Investors, turnaroun

London - No one likes to be fooled, especially when you purchase something you think is fake but it turns out to be real. Unfortunately, this is exactly what has happened, as an investigation from th

London - House of Fraser has confirmed that Nanjing Xinjiekou Department Store Co. in advances discussions to offload a large chunk of its 89 percent stake to another Chinese firm. However, the strug

London - Things are not looking good for House of Fraser. Weeks after reports emerged that the deparment store hired investment bank Rothschild to look are refinancing its debt packages comes news th

House of Fraser has announced the appointment of David Walker-Smith, who will be joining the company’s executive team as Chief Product and Trading Officer. The company said, reporting to the co

Department store chain House of Fraser has brought investment bank Rothschild on board as the company looks at refinancing its debt package, reports The Telegraph. Rothschild is expected to advise th

As a part of the company's transformation plan, House of Fraser has confirmed that its Chief Executive Alex Williamson has made two more leadership changes to the executive committee. Gary Slattery,

London - Yuan Yafei, the chairman of Sanpower Group and owner of House of Fraser, is calling on Prime Minister Theresa May to give a "definite signal" concerning what type of Brexit deal the governme

House of Fraser has confirmed the appointment of Simon Pickering to the newly expanded role of Buying and Merchandising Director for apparel and accessories within the company. The company said, he w

For the six weeks to December 23, 2017, House of Fraser (UK & Ireland) Limited, announced that sales in stores from the beginning of the Black Friday event declined by 2.9 percent, while during t

London - British department store group House of Fraser is aiming to reduce rents on a number of stores following difficult trading conditions. The retailer has confirmed it reached out to some of it

House of Fraser has launched a pop-up concession scheme in a number of its branches in a bid to drive footfall and tackle "dead" floor space. The British department store group has partnered up with

House of Fraser has announced the appointment of Paddy Earnshaw as Chief Marketing Officer. The company said, he joins the company on 30th October and will report directly to Alex Willamson, Chief Ex

British department store chain House of Fraser half-year earnings fell to an 8.6 million pound loss for the 26 weeks to July 29, 2017, down significantly from its EBITDA profit of 900,000 pounds for

House of Fraser has opened a new store in the UK for the first time in nine years, and it’s sustainable. The store is located at Rushden Lakes shopping centre in Northamptonshire, and was laun