Four more House of Fraser stores saved

Image copyright Getty Images

House of Fraser stores in four shopping centres owned by Intu have been saved following talks with the department store chain’s owners, Sports Direct.

The stores at Chapelfield in Norwich, Lakeside in Thurrock, Metrocentre in Gateshead and Victoria Centre in Nottingham had been earmarked to close.

An Intu spokesperson said there had been “constructive discussions” and “an interim agreement” had been reached.

Sports Direct bought House of Fraser after it went into administration.

The 169-year-old chain failed to reach an agreement with its creditors in August last year.

Recommended For You

VidMozo Pro

Promote A DEAD SIMPLE, Cloud Based App That Builds- Instant 1 Click SEO-Optimized Affiliate Sites, Curates Videos and Content and Gets You Facebook, Viral and Search Traffic on Complete AUTOPILOT

StockKosh Advantage

StockKosh Advantage is Stock Media Collection of: 1500+ Stock Audio 15,000+ Images 700+ Video Background 2100+ HD Videos 750+ 4K Ultra Definition HD Videos

VidRankXpress Enterprise

A Revolutionary 1-Click Software Turns ANY Video into Endless Traffic Machine That Gets Page 1 Ranking on YouTube and Google and Drives Tons of Traffic from TOP Social Giants on 100% Autopilot.

(Private) SyndBuddy 500

FINAL CALL: Price Doubles Soon! Page 1 Rankings For BOTH Video and Niche Sites Made EASY With Our Social Exchange Platform

At the time, Sports Direct chief executive Mike Ashley pledged to save about 47 of the retailer’s 59 outlets.

By mid-November he had done deals to save at least 20 stores, protecting about 3,500 jobs, but at least eight were due to close.

A previous restructuring plan had proposed to close 31 stores, but that plan was abandoned following Sport Direct’s takeover.

The Intu spokesperson told the BBC: ‘We are committed to working with all our retailers to ensure they are perfectly placed to showcase their brands and draw in shoppers. Our high-footfall winning destinations are designed to help all our tenants flourish.”

House of Fraser stores in Exeter,Hull and Manchester were all recently saved, but its branch in Shrewsbury closed last week and the future of its Birmingham outlet remains uncertain.

Original Article : HERE ; This post was curated & posted using : RealSpecific

Thank you for taking the time to read our article.

If you enjoyed our content, we'd really appreciate some "love" with a share or two.

And ... Don't forget to have fun!

Recommended

LetSpinio Basic - Chris

Gamify your lead gen to 3X your conversions.

Pixel Studio FX Premium 3 *NOTICE: THIS PACKAGE REQUIRES BASIC PACKAGE*

PSFX 3.0 Professional - Instantly create e-book, kindle, cd, or software covers in minutes. Includes 32,000 Instant eCovers and get access to 40 unique 3D Group Bundle Shots! *LAUNCH SPECIAL* Includes Designer/Developer License *NOTICE: THIS PACKAGE REQU

Leave a Reply