House of Fraser calls in administrators

Department store chain House of Fraser is to appoint administrators after giving up the fight to save the business.

Department store chain House of Fraser is to appoint administrators after giving up the fight to save the business.

In a statement, it said that talks with investors and creditors had "not concluded in a solvent solution".

House of Fraser employs 17,500 people, including 11,500 concession staff.

Its fate was sealed earlier this month, when Chinese firm C.banner pulled out of a rescue deal that would have brought much-needed investment.

House of Fraser said...
source: BBC

2018-08-10 10:14
Latest news from Great Britain
today 11:11 Someone else’s private messages: how smartphones turned voyeurism into fiction
today 11:11 Why it’s time for YouTube to ban the alt-right
today 11:11 Coventry double murder suspects named after torture death
today 11:08 Lucy the cat's miracle 220-mile journey stuck under lorry wheel
today 11:08 EYMS makes big change to the way you pay for your bus ticket
today 11:05 'Time traveller from 2045’ claims humanity is in its FINAL years
today 11:05 London travel CHAOS: Commuters face delays over major disruption at Paddington ALL DAY
today 11:05 M4 rush hour MAYHEM: Six-car crash causes 20-mile delays for M4 commuters
today 11:05 Baby boy, 1, dies after being hit by car as police arrest 35-year-old man
today 11:05 Meghan Markle: Prince Harry ‘supports’ wife with BOOZE BAN as they await Royal Baby
today 11:05 BREAKING: Explosion rocks Russia: At least 10 dead and 40 injured in blast at college
today 10:50 Like Meghan Markle, I Had My First Baby At 37. Here's What She Can Expect To Be Told.
today 10:50 Parent Voices
today 10:50 The Waugh Zone Wednesday October 17, 2018
today 10:50 Chefs At This Scottish Restaurant Are Given An Extra Day Off Every Week To Stay Creative
today 10:50 Parent Voices
today 10:29 Inflation falls to lower than expected 2.4%
today 10:17 Police Scotland reveal the signs of human trafficking – here's what to look out for in your community
today 10:17 McCoo surprises pupils with a sing song
today 10:17 The 8 Celtic stars including Dedryck Boyata and Scott Brown who could leave for free next summer
today 10:17 Former Rangers chief Derek Llambias and Graham Carr close in on potential Morton takeover alongside Easdale brothers
today 10:17 Teenager who recklessly drove through kids' playpark swerves jail
today 10:17 Wedding of the Week: Kirsty McNeil and Derek Douglas
today 10:17 West Lothian toddler group activity leader celebrates national award
today 10:17 There's a 'sexy Meghan Markle' Halloween costume on sale promising a 'fairytale' look with mini-skirt wedding dress
today 10:17 What do Pippa Middleton and husband James Matthews do for a living as they welcome baby boy?
today 10:17 Life-expectancy in the UK is on its way up
today 10:17 People want Harry Maguire on a unicorn to be on the new £50 notes
today 10:17 Red Dead Redemption 2 REVIEWS: Bad news for PS4, Xbox One fans
today 10:17 Kate Garraway in pictures: GMB presenter puts on stylish display after ABBA transformation
today 10:17 Keira Knightley BANS daughter watching Disney movies that lack feminist values – WATCH
today 10:17 Tory MP ‘overspent on election campaign to end Farage’s political ambitions FOREVER’
today 10:17 Brave Britons honoured in courage awards: Manchester and London terror heroes praised
today 10:17 Pension news: State pension WILL increase next year under Triple Lock as inflation falls
today 10:17 Mate 20 Pro UK release, price and deals - The true cost of owning this device REVEALED
today 10:17 Seann Walsh Katya Jones kiss: Craig Revel Horwood addresses their Strictly 'chaperone'
today 10:17 EU REVOLT: Shock Brussels poll reveals ONLY 44% of Italians support bloc - BELOW UK
today 10:17 BREXIT BLOCK: Barnier's shock plot to lock UK into EXTENDED EU transition period -REVEALED
today 10:17 Remoaners Blair, Clegg and Heseltine INSULT 17.4M 'naïve' Brexit voters in angry letter
today 10:17 Commuter CHAOS as ALL services to and from London Paddington CANCELLED
today 10:17 Clegg bizarrely claims Brexiteers are betraying 17.4million Leave voters in Brexit clash
today 10:17 Princess Charlotte and Prince George: Will royals visit Pippa's new baby with Kate today?
today 10:17 'I speak for Britons' Humphrys LOSES PLOT with Irish politician – Ireland must RESPECT UK
today 10:08 The policy behind Liverpool’s empty hospital
today 10:08 Westminster’s response to #MeToo will always be limited by the desire to play politics
today 10:08 Edinburgh residents and businesses consulted on tourist tax
today 10:05 Woman's shock as she wakes up to find garden in flames
today 10:05 Woman's shock as she wakes up to find garden in flames
today 10:05 Costa Christmas drinks 2018 revealed - and when it will hit stores in Hull
today 10:05 Costa Christmas drinks 2018 revealed - and when it will hit stores in Hull
Watch the news from UK on Facebook