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Re: House of Fraser in trouble...
Quote:
Quote from cityam.com:
New Look has announced it is aiming to cut 980 jobs as part of plans to close stores and reduce its rent burden.
The retailer is proposing a Company Voluntary Agreement (CVA) to creditors, which would allow it to bring down its rents and revise the terms on leases agreed with landlords.
If creditors agree to the proposal, New Look will close 60 of its 593 stores, and an additional six sites which are sub-let. The chain will also cut its rent on a further 393 stores.
Creditors will vote on the proposal on 21 March. New Look said all of its stores will remain open while it consults with landlords and other parties.
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Full story on link above.
Affected stores list
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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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