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House of Fraser rescue scheme to cost 6,000 roles

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 first store in Glasgow in 1849, stressed that it did "not have a viable future" unless its CVA proposal received the green light from landlords and...

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House of Fraser to shut more than half its stores under CVA

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 proposals (CVA). HoF confirmed it filed its plans in court on Wednesday, June 6 with the Court of Session in Edinburgh, in line with its conditional...

Retail

House of Fraser may close up to half of its stores

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 large number of its iconic high street stores are said to be earmarked for closure, according to a report from The Daily Mail. The remaining stores...