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UK retail chain House of Fraser goes into administration

4 days ago   |   By Miami Herald

The department store chain House of Fraser has gone into administration, a decision that puts 17,000 jobs at risk in the 169-year old business. The move came after discussions between...
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One of the UK's biggest department stores has collapsed into administration, putting 17,500 jobs on the line

One of the UK's biggest department stores has collapsed into administration, putting 17,500 jobs on the line

4 days ago   |   By Business Insider

The 169-year-old UK department store House of Fraser has fallen into administration after failing to secure a rescue deal.
The Chinese-owned company has struggled with falling sales in recent years and now has debts larger than its assets.
Accountants EY has been appointed to find a buyer for a business. Sports Direct billionaire Mike Ashley is said to be a front-runner.
House of Fraser employs 17,500 people across the UK. Even if a buyer is found, some of these jobs could be at risk.
LONDON - Beleaguered UK department store House of Fraser on Friday called in administrators after failing...
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