Creditors of UK retailer House of Fraser back survival plan - Sky News

C banner International Holdings

22/06/2018 14:19

LONDON, June 22 (Reuters) - Creditors of House of Fraser
approved the struggling British department store group's
survival plan at a meeting on Friday, Sky News reported.
    Earlier this month, the Chinese-owned retailer said it would
seek creditor approval for a Company Voluntary Arrangement (CVA)
that would see 31 of its 59 stores close early next year and the
potential loss of 6,000 jobs.  urn:newsml:reuters.com:*:nL5N1T918G
    At Friday's meeting of creditors approval was given for the
plan, Sky News said.
    A spokeswoman for House of Fraser said a statement was
imminent.

 (Reporting by James Davey; editing by Stephen Addison)
 ((james.davey@thomsonreuters.com; +44 20 7542 7674; Reuters
Messaging: james.davey.thomsonreuters.com@reuters.net))