House of Fraser stores CLOSING: Which stores are shutting down? Will it be your ...

House of Fraser have announced they will close stores in the hopes of staying open.

New owners have made the announcement, as they hope to turn aroud the fortunes of the shopping mall staple.

The department stores will see closures is some areas of the UK.

Chairman Frank Slevin said: "There is a need to create a leaner business that better serves the rapidly changing behaviours of a customer base.

"House of Fraser's future will depend on creating the right portfolio of stores that are the right size and in the right location."

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House of Fraser news: Which stores are closing? Will it be your local?

House of Fraser is another in a long list of high street closures as business struggle to keep up with changes in the marker.

The chain has 59 stores in Britain and Ireland.

It employs more than 6,000 workers, and its various concessions employ around 11,500.

It is not yet known which stores will close and whether there will be job losses.

Chinese first C.banner, which also owns Hamleys, is taking a 51 per cent stake in House Fraser in the bid to save the business.

British high street closuresFri, March 23, 2018 As the Prezzo

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