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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.
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)
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.
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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Sports Direct Buys House Of Fraser For £90m
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09 September 2002
House of Fraser development nets Belfast 500 jobs
Belfast has received an employment boost with the news that the House of Fraser is set to open a store in the city centre creating up to 500 jobs in the process. The company have announced the signing of a contract with Multi Development Corporation (MDC) to develop an outlet in Victoria Square.
House of Fraser development nets Belfast 500 jobs
Belfast has received an employment boost with the news that the House of Fraser is set to open a store in the city centre creating up to 500 jobs in the process. The company have announced the signing of a contract with Multi Development Corporation (MDC) to develop an outlet in Victoria Square.
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Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
