House of Fraser calls in administrators as rescue talks fail

House of Fraser calls in administrators as rescue talks fail – Sean Farrell

Department store chain says discussions had “not concluded in a solvent solution”.

House of Fraser is appointing administrators, putting more than 17,000 jobs at risk, after attempts to agree a rescue deal failed.

The department store chain said talks with its investors and creditors had “not concluded in a solvent solution”. The administration is due to be arranged at a court hearing early on Friday morning.

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10th August 20188:12 am