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.
News Image
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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