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Re: House of Fraser in trouble...
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Originally Posted by heero_yuy
Staff had virtually no warning. That's pretty tough.
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And more jobs at risk here..
https://www.theguardian.com/business...0-jobs-at-risk
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The online retailer Boohoo has made an offer to buy the digital businesses and brands of Karen Millen and Coast, in a move that will raise fears for the jobs of hundreds of workers in the brands’ high street stores.
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In a statement to the stock market published on Tuesday, Boohoo said it had offered to buy the brands, but made no mention of the struggling Karen Millen’s extensive high street network.
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Karen Millen and Coast together employ about 1,100 people with 32 stores and 177 concessions across the UK. Coast also has a significant overseas presence, with concessions in the Middle East and outposts as far-flung as Singapore and Malaysia.
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“The only lesson you can learn from history is that it repeats itself”
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