House of Fraser settles CVA challenges from group of landlords

House of Fraser has announced through a statement that the challenges by a group of its landlords to its Company Voluntary Arrangements, which were approved at meetings of the companies’ creditors on June 22, 2018, have been settled. This means that the company will now go ahead with its planned closure of 31 of its 59 department store estate, including its Oxford Street flagship in London resulting in about 6,000 job losses.