|
Re: House of Fraser in trouble...
Quote:
Quote from Retail Gazette:
Mothercare is reportedly mulling the possibility of entering a company voluntary arrangement (CVA) as it looks to reduce costs by shutting one third of its stores and lowering rents.
According to The Sunday Times, if a CVA is agreed with lenders the retailer could close around 47 of its 143 stores.
The news comes less than a week after it appointed former Kmart and Tesco executive David Wood to be its new chief executive, effectively forcing out Mark Newton-Jones.
|
__________________
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
|