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10/08/2018
House Of Fraser Appoints Administrators As Takeover Deal Falls Through
Administrators have been appointed to high end retailer House of Fraser, after a takeover deal with Chinese Firm, C.banner, fell through.
News that administrators Ernst & Young have now been appointed follows a decision earlier this year to close 31 of House of Fraser's 59 UK stores. The Belfast store, a keystone retailer at Victoria Square, was spared in the cull and was purported to remain in operation under new management.
All stores will open as usual this morning, while Ernst & Young continues to try and secure a buyer for the company.
House of Fraser employs more than 17,000 people across the UK. Those jobs are at risk, should a buyer for the retailer not be found.
(MH/CM)
News that administrators Ernst & Young have now been appointed follows a decision earlier this year to close 31 of House of Fraser's 59 UK stores. The Belfast store, a keystone retailer at Victoria Square, was spared in the cull and was purported to remain in operation under new management.
All stores will open as usual this morning, while Ernst & Young continues to try and secure a buyer for the company.
House of Fraser employs more than 17,000 people across the UK. Those jobs are at risk, should a buyer for the retailer not be found.
(MH/CM)
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10 August 2018
Sports Direct Buys House Of Fraser For £90m
Sports Direct, owned by Mike Ashley, has acquired 59 of the House of Fraser stores in the UK for £90 million. The deal was announced just after the chain went into administration after talks with creditors fell through.
Sports Direct Buys House Of Fraser For £90m
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09 September 2002
House of Fraser development nets Belfast 500 jobs
Belfast has received an employment boost with the news that the House of Fraser is set to open a store in the city centre creating up to 500 jobs in the process. The company have announced the signing of a contract with Multi Development Corporation (MDC) to develop an outlet in Victoria Square.
House of Fraser development nets Belfast 500 jobs
Belfast has received an employment boost with the news that the House of Fraser is set to open a store in the city centre creating up to 500 jobs in the process. The company have announced the signing of a contract with Multi Development Corporation (MDC) to develop an outlet in Victoria Square.
28 August 2008
NI Developer Cuts House Prices By 40%
A Northern Ireland building firm has slashed its house prices by almost 40%, in a fresh bid to inject life into the ailing property market. Fraser Homes has trimmed £90,000 off the price of its semi-detached properties in Glengormley, reducing the price from £229,500 to £139,950.
NI Developer Cuts House Prices By 40%
A Northern Ireland building firm has slashed its house prices by almost 40%, in a fresh bid to inject life into the ailing property market. Fraser Homes has trimmed £90,000 off the price of its semi-detached properties in Glengormley, reducing the price from £229,500 to £139,950.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
