23 May 2024, 07:20
By Furniture News Aug 06, 2018

House of Fraser settles challenge to CVA

The challenges by a group of landlords to House of Fraser's Company Voluntary Arrangements (CVAs), which were approved at meetings of the companies’ creditors on 22nd June, have been settled, the retailer has stated.

House of Fraser says it is now focused on concluding discussions with interested investors as per the original timelines it originally set out, and has entered this settlement upon recognising the risks this litigation might have on those discussions.

Last week, retailer C.banner International Holdings stated that it no longer plans to invest in House of Fraser, calling the placing "impracticable and inadvisable", and forcing the department store chain to seek an alternative investor.

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