Department store chain will shut 31 outlets, including London flagship
- Full list of 31 House of Fraser stores under threat of closure
- High street 2018: lost shops and at least 35,000 jobs at risk
At least 11,000 jobs are at risk as House of Fraser prepares to close more than half its UK stores and Poundworld teeters on the brink of administration, in the latest blow to the high streets.
House of Fraser unveiled a plan designed to stave off collapse which will mean the closure of 31 of its 59 department stores including its Oxford Street flagship in London and its shops in cities including Birmingham, Cardiff and Edinburgh.
House of Fraser traces its origins back to 1849, when Hugh Fraser and James Arthur opened a drapery shop on the corner of Argyle Street and Buchanan Street in the centre of Glasgow. By 1941, it had expanded into a number of shops in Scotland and became House of Fraser.
Related: Full list of 31 House of Fraser stores under threat of closure
Continue reading...from Top stories | The Guardian https://ift.tt/2sN09eN
Post a Comment Blogger Facebook