In the past few weeks alone, House of Fraser has put more than 6,000 jobs at risk.Read the full story ›
The struggling department store chain secured the backing of more than 75% of creditors, including landlords, for a CVA.Read the full story ›
House of Fraser's flagship Oxford Street store in London is among the list of 31 UK outlets that are set to close.Read the full story ›
House of Fraser is to close 31 of its 59 stores with the loss of 6,000 jobs.Read the full story ›
The department store’s lenders are demanding assurances of fresh funding.Read the full story ›
The concession retailer is set to become the latest casualty in a string of high street store collapses.Read the full story ›
The retailer is seeking to reduce store size and cut its rent bill ahead of the publication of its Christmas trading performance.Read the full story ›
Department store chain House of Fraser has sold a majority stake in its business to Chinese conglomerate Sanpower in a deal worth £480 million.
The Chinese retail giant acquired a 89% stake in the 165-year-old brand's UK and Ireland department stores through its Nanjing Cenbest subsidiary.
Its announcement comes after reports last week that Sports Direct tycoon Mike Ashley had bought an 11% stake in the business in an attempt to derail the deal with the Chinese.