House of Fraser will live to fight another day. Despite doubts around its CVA plan, creditors voted in favour of it on Friday which means it will now close 31 stores, reducing its size by more than half in the process.
As House of Fraser prepares for one of the most important days in its 170-year history (with its creditors voting on its CVA Friday) the company has released a broad outline of its new product and trade strategy.
The Facebook-owned social network launched a mobile app on Wednesday dedicated to user-generated videos up to an hour long, upping the competition for consumers’ time among ad-supported streaming services like YouTube.
After a successful beta trial, Amazon has officially launched its Prime Wardrobe "try before you buy" service designed to give the e-commerce giant a competitive edge against Stitch Fix and other wardrobe services.
Debenhams said this week that it could dispose of certain assets as it seeks to conserve cash and focus more intensely on fixing its core UK business, with analysts saying profitable Magasin du Nord could be sold.