House of Fraser woes mount


House of Fraser woes mount

Funding pledged by C Banner for beleagured House of Fraser has apparently been with-held until the landlords affected by the retailer’s CVA have fully agreed to accept the closure of 31 out of 59 stores and confirmed rent reductions for ten others.

Meanwhile Mike Ashley, who recently wrote off his firm’s investment in Debenhams appears to be ready to make a move to acquire the business.

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