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

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.

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.

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

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

Stores including Hamleys!! Blimey.

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

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)

Very few if any of those companies will shut. It is a case that Baugur will have to sell their part ownership in those companies as the sale of such assets will fund the debts they need to clear.