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17,000 jobs at risk as House of Fraser falls into administration

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House of Fraser has collapsed into administration, placing around 17,000 jobs at risk in what could potentially become the biggest high street casualty since the fall of BHS. This morning, House of Fraser said that “discussions with interested investors and its main secured creditors have not concluded in a solvent solution”, forcing the retailer to call in administrators. It comes after talks with potential investors, including Sports Direct’s Mike Ashley and Edinburgh Woollen Mill Group’s Philip Day, failed to lead to a successful rescue deal.

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17,000 jobs at risk as House of Fraser falls into administration

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