Hundreds of jobs will be lost, following the announcement of the closure of the Gateshead branch of House of Fraser.
Staff informed managers at the department store in the Metrocentre this morning. The business was recently bought by Newcastle United and Sports Direct owner Mike Ashley.
The Metrocentre store is one of four set for closure in the New Year. House of Fraser stores in Middlesbrough and Darlington both avoided closure, saving over 100 jobs. Both stores had been earmarked for closure earlier this year when the retailer agreed a Company Voluntary Agreement with several of its landlords.
All four stores announced today are within the Intu shopping complex schemes around the country.
Employees at Lakeside, Norwich, and Nottingham will also lose their jobs.
- In a statement, House of Fraser said:
- Owner Mike Ashley released the following statement: