HOF news and archive

Mulberry, first victim of HoF’s collapse ripple effect

The British upscale fashion and accessories brand has warned that House of Fraser (HoF) collapse will have a negative impact on its finances. Mulberry is one of the many HoF’s creditors that won’t be able to get back the money they lent to the failed department store chain. Earlier this month Mulberry Group PLC (LON:MUL) issued a profit warning...

Management

House of Fraser cancels all online orders, offers refund

After taking its website down on Wednesday, House of Fraser has now announced that due to delays in delivering online orders, it has decided to cancel all orders and refund the customers. The action was taken after its warehouse operator XPO Logistics stopped processing orders late last week due to a payment dispute, reports BBC. Due to delays...

Management

Sports Direct acquires House of Fraser for 90 million pounds

Sports Direct International plc has announced the acquisition of the business and assets of House of Fraser from the administrators of House of Fraser Limited, House of Fraser (Stores) Limited and James Beattie Limited, the House of Fraser group's main operating companies, for a cash consideration of 90 million pounds (114.9 million dollars)....

Report

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,...

Management |ANALYSIS Featured

House of Fraser on the lookout for eleventh hour salvation after C.Banner walks away

British fashion retailer House of Fraser has seen its future compromised after Chinese investment firm C.Banner walked away from a rescue deal that included acquiring a majority stake in the apparel chain as well as a 70 million pounds cash injection. C.Banner was thought to have planned to take control of the struggling department store chain...