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.
10th August 20188:12 am