|
Re: House of Fraser in trouble...
Quote:
Quote from thisismoney.co.uk:
The owner of Bargain Booze and Wine Rack has collapsed into the hands of administrators after its profitable wholesale arm was sold to private equity.
Conviviality's administrators have said its retail outlets will continue trading and that they will still try to find a buyer for the retail business.
Taking into account Conviviality's directly employed staff and its franchise workers, 2,000 jobs are now at risk of being axed.
While the group's retail arm stands on the brink of extinction, its wholesale arm was snapped up by Magners owner C&C Group yesterday after receiving financial support from AB InBev.
|
__________________
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
|