House of Fraser’s future hangs in balance amid CVA battle

Retailer has reached deadlock with Chinese owner as it seeks to avoid administration

The future of the embattled House of Fraser department store chain was hanging in the balance this weekend, as deadlock between its Chinese owner and lenders threatened to scupper its planned rescue package.

The GMB and shopworkers’ union Usdaw are watching from the sidelines, anxious about the risks of financial collapse for the store’s 17,000 employees, who work in its 59 stores across the UK.

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