27-03-2018, 11:15
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#87
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Perfect Soldier
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 66
Services: VM 500M SH3 thingy
in modem mode
XL TV V6 Sony Bravia smart TV and M phone
Posts: 10,994
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Re: House of Fraser in trouble...
Quote:
Quote from The Sun:
Fashion store Select has become the latest high street store to hit trouble as its owners confirm it could close branches.
Genus UK, the company behind the retailer, is set to embark on radical restructuring that could result in the loss of 2,000 jobs.
The firm, which has 183 stores, has called in corporate recovery firm Quantuma to advise on a Company Voluntary Arrangement (CVA), which allows a firm to close loss making stores and secure rent reductions.
The proposal includes an option for landlords to "take back loss-making sites" and comes at a dire time for the retail sector, following the collapse of Toys R Us and Maplin.
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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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