Re: House of Fraser in trouble...
Quote:
Quote from The Sun:
House Of Fraser will push ahead with a plan to close nearly half of its 59 stores in a desperate bid to stave off administration.
The move is expected to put 6,000 jobs at risk by axing 39 outlets by January 2019 to solve a legal dispute with landlords.
They argued a plan to slash rents on remaining stores was unfair to them.
Last night the firm said it is “focused on concluding discussion with interested investors” after an out of court settlement with its landlords, who had opposed the move.
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Looking pretty grim.
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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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