10/08/2018

House Of Fraser Appoints Administrators As Takeover Deal Falls Through

Administrators have been appointed to high end retailer House of Fraser, after a takeover deal with Chinese Firm, C.banner, fell through.

News that administrators Ernst & Young have now been appointed follows a decision earlier this year to close 31 of House of Fraser's 59 UK stores. The Belfast store, a keystone retailer at Victoria Square, was spared in the cull and was purported to remain in operation under new management.
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All stores will open as usual this morning, while Ernst & Young continues to try and secure a buyer for the company.

House of Fraser employs more than 17,000 people across the UK. Those jobs are at risk, should a buyer for the retailer not be found.

(MH/CM)

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