House of Fraser - Administration



3 buyers interested though. The bloke that owns Edinburgh Woolen Mill, Mike Ashley and Chinese apparently. This will just be part of the sale.
 
To reliant on high interest store cards imo. Like most department stores it's always been just a tick shop. People can now get 0% interest credit cards and keep moving the debt around when the deal is up. This means folk can shop elsewhere rather than be restricted to sticking something on a store card. Debenhams will go the same route.
 

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