House Of Fraser Closures: Full List Of Stores To Be Closed

House of Fraser is to close 31 shops, including Oxford Street, affecting 6,000 jobs

The department store chain warned it did "not have a viable future" unless creditors and landlords backed its proposals. The company is implementing a restructuring plan that will affect 6,000 jobs - 2,000 House of Fraser employees and 4,000 concessions - in a bid to save the company. The stores scheduled for closure, which include the group’s Oxford Street store in London and many outlets in provincial cities in Britain’s north and midlands, will remain open until early in 2019. The closures are part of a proposed Company Voluntary Arrangement (CVA), which will require approval from creditors who will make their decision on June 22. The House of Fraser stores identified for closure:

House of Fraser chairman Frank Slevin said: "The retail industry is undergoing fundamental change and House of Fraser urgently needs to adapt to this fast-changing landscape in order to give it a future and allow it to thrive. "Our legacy store estate has created an unsustainable cost base which, without restructuring, presents an existential threat to the business." “So whilst closing stores is a very difficult decision, especially given the length of relationship House of Fraser has with all its locations, there should be no doubt that it is absolutely necessary if we are to continue to trade and be competitive.”

The use of CVAs have been criticised by landlords in the UK.
House of Fraser announces that it intends to close 31 of its 59 stores, including its flagship store on London's Oxford Street.