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Re: House of Fraser in trouble...
Quote:
Quote from The Telegraph:
The move will see C.banner subscribe to new shares in House of Fraser and existing shares from Cenbest to help support the firm, which is expected to raise £70m worth of fresh capital.
However, the deal rests on the retailer pursuing a Company Voluntary Arrangement (CVA), a type of insolvency process that allows companies to close stores and secure deep discount on rents.
A CVA could lead to a significant drop in its 59-strong UK store estate, which employs 6,000 people and about 11,500 concession staff.
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The shakeout of high street employees contines. 
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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
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