Other News

Good Call or Bull, what's your opinion on these Other News related stories

Store closures loom as House of Fraser drafts in advisers
True
8
votes
Posted: 19/04/18 - 13:47
1 comments
Vote on this story
True
OR
Bull

The struggling department store chain House of Fraser (HoF) has drafted in advisers to examine options for accelerating its restructuring, raising the prospect of further shop closures at a dire time for the British high street.

Sky News has learnt that KPMG has been asked by the Chinese-owned company to explore the possibility of a formal process called a Company Voluntary Arrangement (CVA), months after it informally asked store landlords to agree to big rent cuts.

The news of KPMG's appointment, which is understood to have been signed off in recent days, will fuel expectations that a substantial number of HoF's 59 outlets across the UK are facing the axe.

Sources close to the company said it was not certain that HoF and its shareholders would pursue a CVA but conceded that one was a possibility.

I Call True: Following on from the Dedenhams story in the news this morning ( https://goo.gl/mnWTZZ ) it looks like HOsue of Fraser is also in trouble.

Keep your eyes peeled on M&S and John Lewis....

Dont Forget To Vote
True
OR
Bull
COMMENT ON THIS STORY
Bull
19 votes
Worst performance since financial crisis in London as house ...
True
18 votes
Debenhams sales hit by 'Beast from the East'
True
17 votes
Plastic straw and cotton bud ban proposed
Bull
20 votes
Paedophile who worked top private school avoids a jail sente...
Bull
21 votes
New upright airline 'seat' could see 20% more passengers fit...
Bull
19 votes
Did an extinct civilisation pre-date mankind on Earth? Scien...
True
19 votes
De La Rue abandons passport appeal
Bull
20 votes
Landlord offering 'sex for rent' arrangement with women says...
Bull
20 votes
World's most expensive number plate' goes on sale for £15,0...
True
19 votes
Father watched Summer Grant blown away to her death in bounc...
True
19 votes
Lloyds to shut down 49 of its branches putting 350 jobs at r...
True
20 votes
One dead after passenger 'sucked out of Southwest Airlines p...
Bull
21 votes
After working in a world of 'tech bros,' this woman founded ...
Bull
19 votes
Vauxhall set to cancel contracts with all 326 dealers in the...
True
20 votes
A 150-Foot Asteroid Flew Alarmingly Close to Earth Just Hour...
True
19 votes
Prisoners 'compete to collect £20,000 bounty on double poli...
Bull
20 votes
OH BOY These parents refuse to tell people if their ‘t...
True
20 votes
Warning that ‘bargain’ make-up may be contaminat...
Bull
21 votes
Michelle Obama 'brought Harry and Meghan together and Prince...
True
19 votes
Motorists warned to top up now ahead of petrol price hikes t...
View More