House of Fraser

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Acquisitions help Sports Direct to H1 profit hike Hannah Abdulla | 16 Dec 19

Acquisitions have helped Sports Direct International Plc to a 58% jump in first-half profits to GBP101.8m (US$135.9m), with the company now upping its full-year profit guidance after an initial delay.

Sports Direct International to rebrand as Frasers Group Michelle Russell | 26 Nov 19

UK-based retail business Sports Direct International, which bought the House of Fraser department store chain last year, is to rebrand as the Frasers Group Plc to reflect its changing focus as a lifestyle and luxury retailer.

House of Fraser makes U-turn on real fur sales Michelle Russell | 25 Nov 19

UK department store retailer House of Fraser has removed all real fur items from its shop floors and online after coming under fire from a campaign group over a reported return to selling products containing animal fur.

Debenhams taps ex House of Fraser finance boss as new chair Beth Wright | 25 Oct 19

Department store group Debenhams has appointed former House of Fraser finance chief Mark Gifford as chairman of its parent company to help lead its turnaround.

House of Fraser denies mass store closures claim Hannah Abdulla | 7 Oct 19

Sports Direct has slammed press speculation that it is to shut down most House of Fraser stores after Christmas as "totally incorrect."

House of Fraser administration extended Beth Wright | 20 Aug 19

Creditors in House of Fraser have approved another 12 months of administration for the UK department store retailer, just weeks after owner Sports Direct said it might have made a "different decision" regarding the acquisition of the chain last year had it had the gift of hindsight.

Sports Direct laments "terminal" problems at House of Fraser Beth Wright | 29 Jul 19

UK sportswear retailer Sports Direct says it might have made a "different decision" regarding its acquisition of House of Fraser last year, had it had the gift of hindsight.

House of Fraser buy weighs on Sports Direct profits Hannah Abdulla | 13 Dec 18

Sports Direct International's plan to rescue House of Fraser appears to have weighed heavily on the group's first-half profits.

Tesco and JD Sports back new retail leadership degree Beth Wright | 5 Dec 18

House of Fraser, JD Sports, Jigsaw and Tesco are among 12 British retailers supporting what is thought to be the first apprenticeship degree for retail leaders.

House of Fraser to close all Intu stores Beth Wright | 14 Nov 18

UK department store retailer House of Fraser (HoF) has confirmed it is to shutter a further four stores, all of which are located in Intu shopping centres.

More House of Fraser stores to close? Beth Wright | 12 Nov 18

UK department store retailer House of Fraser could be preparing for another tranche of store closures after landlords refused to agree to new boss Mike Ashley's proposed terms.

Three House of Fraser stores set to close as talks fail - reports Hannah Abdulla | 24 Sep 18

Sports Direct owner Mike Ashley is to close three House of Fraser department stores after discussions with landlords regarding rent allegedly failed.

House of Fraser distribution dispute rumbles on Leonie Barrie | 31 Aug 18

The union representing staff members at House of Fraser's distribution depots in Wellingborough and Milton Keynes is again calling for an end to an ongoing dispute between operator XPO and House of Fraser’s new owner Sports Direct.

House of Fraser XPO distribution centres re-open? Beth Wright | 24 Aug 18

House of Fraser’s distribution centres in Wellingborough and Milton Keynes have reportedly re-opened today (24 August) following a dispute between the retailer's new owner Mike Ashley and site operator XPO Logistics over an unpaid bill.

House of Fraser cancels online orders amid dispute Michelle Russell | 17 Aug 18

UK department store retailer House of Fraser is cancelling all online orders and refunding customers following a reported dispute with its warehouse operator.

Sports Direct buys House of Fraser for GBP90m Beth Wright | 10 Aug 18

UK department store retailer House of Fraser has been bought by Mike Ashley's Sports Direct group in a GBP90m (US$115m) deal announced just hours after the chain went into administration.

House of Fraser to close 31 stores amid uncertain future Beth Wright | 6 Aug 18

UK department store retailer House of Fraser is to go ahead with the closure of 31 stores after the company settled a legal row with its landlords.

House of Fraser future in doubt as C.banner exits deal Michelle Russell | 2 Aug 18

The future of UK department store retailer House of Fraser has been thrown into doubt after its potential new owner, C.Banner, walked away from a rescue deal.

House of Fraser silent over "rescue talks" Michelle Russell | 31 Jul 18

Struggling UK department store retailer House of Fraser has declined to comment on reports it is in talks with Sports Direct owner Mike Ashley over a GBP50m (US$65.8m) rescue deal.

House of Fraser to shutter 31 stores, putting 6,000 jobs at risk Beth Wright | 7 Jun 18

House of Fraser is to shutter 31 of its 59 stores – including its London flagship - in a move that, if approved, will affect some 6,000 staff members as part of its efforts to restructure the company.

UK fashion retailers under fire over "abuse" of CVAs Michelle Russell | 30 May 18

UK fashion chains including House of Fraser and Mothercare are coming under fire from high street landlords who accuse the retailers of pushing them into accepting lower rents via increasingly controversial CVAs.

House of Fraser in FY net loss ahead of takeover Beth Wright | 11 May 18

House of Fraser's new Chinese owner has reported the UK department store retailer booked a loss of GBP37m (US$50.2m) in 2017, in what it called a "challenging" year for the company.

House of Fraser to close stores amid restructure deal Beth Wright | 2 May 18

House of Fraser is to reduce its store portfolio as part of a company restructure which will see Chinese retail group C.banner acquire a 51% stake in the struggling UK department store retailer.

House of Fraser enters into acquisition talks Michelle Russell | 25 Apr 18

House of Fraser has entered into talks with Chinese retail group and owner of Hamleys, C Banner International, over the potential purchase of a 51% stake in the struggling UK department store retailer.

House of Fraser receives £30m cash injection? Michelle Russell | 3 Apr 18

House of Fraser is understood to be receiving a GBP30m (US$42.2m) cash injection from its Chinese shareholder Sanpower Group in a move that could ease the UK department store retailer’s strained finances.

House of Fraser engaging suppliers in resource efficiency Beth Wright | 20 Mar 18

House of Fraser has partnered with global digital collaboration platform 2degrees in a move designed to drive a resource efficient supply chain by encouraging its suppliers to use a digital designed tool which enables them to more easily identify, investigate and implement resource efficiency gains across their operations.

House of Fraser trading chief Hollins steps down Beth Wright | 22 Feb 18

House of Fraser has named David Walker-Smith as its chief product and trading officer, replacing Maria Hollins who is to leave the business to pursue new opportunities.

House of Fraser appoints apparel buying head Michelle Russell | 30 Jan 18

UK department store retailer House of Fraser has named Reiss executive Simon Pickering as its new head of buying for apparel, just weeks after posting "disappointing" Christmas sales.

House of Fraser offloads brands amid "disappointing" Christmas Beth Wright | 11 Jan 18

House of Fraser has posted "disappointing" Christmas sales and finalised the terms of the sale of the brand names no longer used in the UK to Guangzhou Sunrise Trading Limited for a cash consideration of GBP30m (US$40.5m).

House of Fraser transformation proves costly Beth Wright | 20 Sep 17

The GBP25m cost of re-platforming House of Fraser's ecommerce business, along with significant discounting, took their toll on first-half profits at the department store retailer.









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