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Re: House of Fraser in trouble...
Quote:
Quote from Metro News:
Carpetright is set to close down 92 stores across the UK, with 300 jobs set to be lost in the process.
The carpet specialists have been struggling, with profits falling, and have blamed ‘poorly-located’ stores for some of their problems.
Stores are closing, whilst 113 others will aim to have their rents cut if a deal under company voluntary arrangement (CVA) proposals is agreed.
Creditor approvals for the CVA will be sought this month before shareholders being asked for their backing.
Carpetright currently has 409 stores in the UK, so the loss of 92 is a significant chunk of their business.
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Follow link for list of store closures.
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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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