• House of Fraser: the countdown to administration and purchase

    2 monthes ago - By Drapers

    As Sports Direct buys House of Fraser out of administration, Drapers looks back over the 169-year history of the business and tracks the downward spiral from jewel of the high street to a business in distress.
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  • Sports Direct acquires House of Fraser

    Sports Direct acquires House of Fraser

    2 monthes ago - By Drapers

    Sports Direct has bought House of Fraser out of administration for £90m.
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  • House of Fraser Seeks Bankruptcy Protection as Ashley Readies a Deal

    House of Fraser Seeks Bankruptcy Protection as Ashley Readies a Deal

    2 monthes ago - By WWD

    LONDON - Britain's House of Fraser is seeking bankruptcy protection after talks to find a new investor failed, although it appears as if retail tycoon Mike Ashley will swoop on the retailer in a last-minute deal.
    House of Fraser said in a statement to the Luxembourg Stock Exchange early Friday that its discussions with interested investors and its main secured creditors “have not concluded in a solvent solution.”
    As a result, the directors of the group's operating companies, “have therefore resolved to seek the appointment of administrators.” Ernst & Young LLP have been named with...
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  • House of Fraser enters administration

    House of Fraser enters administration

    2 monthes ago - By Drapers

    Embattled department store House of Fraser is to appoint administrators, after talks with investors failed to reach a deal to save the business.
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