House of Fraser, Iceland, and more now in the balance.

Reply Subscribe

Thread Tools

Search this Thread

04 February 2009, 10:30 AM

Snazy

Scooby Regular

Thread Starter

Join Date: Dec 2006

Location: S.E London

Posts: 13,654

Likes: 0

Received 0 Likes on 0 Posts

House of Fraser, Iceland, and more now in the balance.

Sounds like a few more big names are at risk in the recession.
All owned by a big investment company they say.

Icelandic Retail Group Baugur Owner Of Karen Millen House Of Fraser On Brink Of Administration | Business | Sky News

Reply Like

04 February 2009, 10:33 AM

stilover

Scooby Regular

Join Date: May 2005

Location: Here, There, Everywhere

Posts: 10,619

Likes: 0

Received 0 Likes on 0 Posts

Can't see how House of Fraser are in trouble. The store in Darlington is always packed.

Every other store I've been in is always busy too.

Reply Like

04 February 2009, 10:35 AM

Nat

Guest

Posts: n/a

I said House of Fraser were going down a few months ago before they announced anything.

Obvious - they have aquired other brands like Beaties using short term finance that they now cannot service or re-finance.

Reply Like

04 February 2009, 10:39 AM

Devildog

Scooby Regular

Join Date: Aug 2006

Location: Away from this place

Posts: 4,430

Likes: 0

Received 1 Like on 1 Post

Its not House of Fraser itself that's the problem (apparently) its Bauger, which has a significant stake in it.

Reply Like

04 February 2009, 10:40 AM

Nat

Guest

Posts: n/a

Yeah, they financed loads of expansion, takeovers etc that they not cannot pay for!

Reply Like

04 February 2009, 10:46 AM

Snazy

Scooby Regular

Thread Starter

Join Date: Dec 2006

Location: S.E London

Posts: 13,654

Likes: 0

Received 0 Likes on 0 Posts

Stores including Hamleys!! Blimey.

They are suggesting that restructuring etc could hopefully see all remain in place.

Reply Like

04 February 2009, 10:51 AM

Nat

Guest

Posts: n/a

It would be a BIG blow to love HOF.

It's my favourite dept store and a cut above John Lewis. (apart from electrical items)

Reply Like

House of Fraser, Iceland, and more now in the balance.

House of Fraser, Iceland, and more now in the balance.

Trending Topics