Business > Sport

UK retail chain House of Fraser goes into administration

1 month 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...
Read more ...

 

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

1 month 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...
Read more ...

 


Search by Tags

   Sport  


Bill Cosby faces up to 30 years in sentencing for drugging, sex assault...

Bill Cosby faces up to 30 years in sentencing for drugging, sex assault conviction on Monday

American actor Bill Cosby will find out before Tuesday evening how long he wil spend in jail for drugging and sexually assaulting Andrea Constand in 2004. In his sentencing... Read more ...

Democrats are reportedly investigating a new allegation of sexual misconduct...

Democrats are reportedly investigating a new allegation of sexual misconduct against Brett Kavanaugh

Senate Democrats are looking into a new allegation of sexual misconduct by Brett Kavanaugh, President Donald Trump's nominee for the Supreme Court, according to The New Yorker... Read more ...

'It doesn't look good': 49ers fear Jimmy Garoppolo suffered a season-ending...

'It doesn't look good': 49ers fear Jimmy Garoppolo suffered a season-ending knee injury

The San Francisco 49ers fear that quarterback Jimmy Garoppolo tore his ACL. The injury came on Sunday after Garoppolo was hit on the sideline while scrambling. Garoppolo has an... Read more ...

As Hurricane Florence's floodwaters recede, some North Carolina rivers could...

As Hurricane Florence's floodwaters recede, some North Carolina rivers could rise another foot, and the full moon isn't helping

Hurricane Florence floodwaters may be receding, but it's still causing rivers to rise in some areas of southeastern North Carolina. The Cape Fear River is expected to reach... Read more ...

The gig economy pays just $828 a month - here's why driving for Uber is no...

The gig economy pays just $828 a month - here's why driving for Uber is no substitute for a full-time job

The number of people participating in the so-called gig economy has increased significantly in the last five years, a new study from JP Morgan Chase Institute found. The... Read more ...

Serena Williams says she relies on friend Meghan Markle and texts her for...

Serena Williams says she relies on friend Meghan Markle and texts her for support - and that attending the royal wedding was like ‘literally watching history'

Serena Williams and Meghan Markle are relying on each other a lot at the moment, the tennis star said in an interview with an Australian talk show on Sunday. The tennis icon is... Read more ...

12 more women have accused a reality TV star and his girlfriend of sexual...

12 more women have accused a reality TV star and his girlfriend of sexual assault, and authorities say there could be 'hundreds' more victims

A surgeon who once appeared on a reality TV show and his girlfriend were charged last week with raping one woman and sexually assaulting another, the Orange County district... Read more ...

Jeremy Corbyn accused of 'farcical' cop-out after refusing to back second...

Jeremy Corbyn accused of 'farcical' cop-out after refusing to back second Brexit referendum

The Labour party is set to say it will support another Brexit referendum. After months of pressure from its pro-EU membership, Jeremy Corbyn's party has decided to let... Read more ...

Business Insider is hiring a politics fellow in London

Business Insider is hiring a politics fellow in London

We are hiring an ambitious fellow to join our politics desk in London. If you want to launch a career as a political journalist and would like to join a team covering the... Read more ...

'Bullyism': China says it won't negotiate on trade with the US as the latest...

'Bullyism': China says it won't negotiate on trade with the US as the latest tariffs bite

New US tariffs on $200 billion worth of Chinese imports kicked in on Monday. China has pulled out of trade talks with the US in response and attacked the Trump administration's... Read more ...