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UK Retailer House Of Fraser Says To Enter Administration

UK retailer House of Fraser says to enter administration
Britain’s House of Fraser, the Chinese-owned department store chain, said Friday that it is set to enter administration, placing 17,500 jobs under threat

London, (UrduPoint / Pakistan Point News – 10th Aug, 2018 ) :Britain’s House of Fraser, the Chinese-owned department store chain, said Friday that it is set to enter administration, placing 17,500 jobs under threat.

The troubled group said in a statement that talks with interested investors and main creditors have “not concluded in a solvent solution”, adding that it has “resolved to seek the appointment of administrators”.

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