House of fraser news 2018

Here are some news articles and updates about House of Fraser from 2018:

  1. House of Fraser announces 31 store closures (January 2018): The department store chain announced that it would be closing 31 of its 59 stores in the UK, putting around 6,000 jobs at risk. (Source: BBC News)
  2. Mike Ashley's Sports Direct buys House of Fraser (August 2018): Sports Direct International, owned by billionaire Mike Ashley, acquired House of Fraser for £90 million. The deal included the purchase of the company's assets, but not its debt. (Source: The Guardian)
  3. House of Fraser to close more stores (September 2018): Following the acquisition by Sports Direct, House of Fraser announced that it would be closing a further 10 stores, in addition to the 31 already planned closures. (Source: The Telegraph)
  4. House of Fraser to relaunch as Frasers (October 2018): Mike Ashley announced plans to rebrand House of Fraser as Frasers, with a focus on luxury and premium products. The first Frasers store opened in London's Oxford Street in November 2018. (Source: Retail Week)
  5. House of Fraser staff to receive redundancy payments (November 2018): Sports Direct agreed to pay redundancy packages to around 3,500 House of Fraser staff who were made redundant as part of the company's restructuring plans. (Source: The Times)
  6. House of Fraser's pension scheme in deficit (December 2018): The House of Fraser pension scheme was found to be in a deficit of around £100 million, following the company's financial struggles and subsequent acquisition by Sports Direct. (Source: The Financial Times)

These are just a few of the key news stories about House of Fraser from 2018. The company's struggles and eventual acquisition by Sports Direct were major retail news stories throughout the year.