Ashley vows to save House of Fraser shops as he creates ‘Harrods of high street’
The rescue deal was struck through a pre-pack administration process.
UK News|Aug 10, 2018
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Clock ticking for House of Fraser rescue as thousands of jobs hang in balance
The beleaguered department store chain must secure funding before August 20.
UK News|Aug 9, 2018
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Homebase to press ahead with further store closures
The DIY chain is next week expected to announce it will file for a Company Voluntary Agreement.
UK News|Aug 8, 2018
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New Look’s profits rise as fashion chain pushes ahead with turnaround
The retailer’s sales fell, but declines have moderated.
UK News|Aug 7, 2018
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House of Fraser settles challenge from landlords to boost rescue hopes
The company’s store closure programme was announced in June.
UK News|Aug 6, 2018
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House of Fraser’s future in doubt as Hamleys owner pulls investment
C.banner, which owns Hamleys, was going to plough £70 million into the retail chain.
UK News|Aug 1, 2018
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House of Fraser ‘holds talks with Mike Ashley over rescue bid’
The billionaire already owns an 11% stake in the troubled department store.
UK News|Jul 31, 2018
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B&Q ploughing £100m into lower prices
The DIY chain said it wants to move away from discounting, and have lower prices overall.
UK News|Jul 10, 2018
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900 jobs now at risk as Mothercare closes more stores
The closures come on top of the retailer’s recent restructuring plan.
UK News|Jul 9, 2018
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High street pain sees 50,000 jobs lost in brutal first half
In the past few weeks alone, House of Fraser has put more than 6,000 jobs at risk.
UK News|Jul 1, 2018
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Homebase explores further store closures, putting hundred of jobs in doubt
The retailer could undergo a restructuring process already adopted by House of Fraser, Mothercare and Carpetright.
UK News|Jun 29, 2018
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House of Fraser to close stores and slash 6,000 jobs
The struggling department store chain secured the backing of more than 75% of creditors, including landlords, for a CVA.
UK News|Jun 22, 2018
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Mike Ashley prises business plan from House of Fraser after court action
The Sports Direct boss lodged a petition at High Court, demanding the plan from House of Fraser.
UK News|Jun 12, 2018
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New Look swings to loss amid torrid trading on the high street
The retailer’s boss said it is returning to its former pricing strategy.
UK News|Jun 12, 2018
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Poundworld collapses to become latest retail failure, putting 5,100 jobs at risk
Poundworld’s administrators Deloitte are still looking for a buyer.
UK News|Jun 11, 2018
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