Re: House of Fraser in trouble...
Quote:
Quote from The Sun:
Homebase will close 42 stores putting 1,500 jobs at risk.
The new owner of the DIY chain Hilco Capital is due to unveil the plans later today in the latest blow to the high street.
Last week, Sky News reported that we could expect the firm to announce that it was closing 62 branches but it's believed that the true figure is less.
The firm is expected to outline a Company Voluntary Agreement (CVA) today that will include plans to close roughly 40 of it's 246 branches.
The precise number of jobs at risk is also unknown until is it announced what stores will be closed, but experts are speculating that it could be as much as 1,500 - or about 10 per cent of the workforce.
|
Fewer branches closing but that's about the only good thing here.
__________________
History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
|