House of Fraser’s flagship store to close in London

0
House of Fraser’s flagship store to close in London
Image: Pixabay

House of Fraser’s flagship store to close on London’s Oxford Street

The flagship London store is owned by Mike Ashley’s Frasers Group. The iconic store is set to close in January.

A spokesperson for the Frasers Group commented: “It is with regret that we have been served notice by the landlord to close House of Fraser, Oxford Street – following granted planning permission to redevelop the site.

-- ADVERTISEMENT --

“Since acquiring (House of Fraser) in 2018, despite challenges faced, we have worked collaboratively with the landlord to keep the store trading 3 years longer than what was initially proposed by the previous owner.”

At the moment is not yet certain how many jobs will be lost when the store closes. Frasers believe that help is needed to help stores stay open and encourage the purchase of retail spaces.

The company commented: “As a business, who is continuing to invest significantly into the British high street, we feel it’s only fair to recognise and request an urgent review of the current archaic business rates, which continue to be astonishingly outdated,”


“If business rates were reviewed it would support the future of House of Fraser. Without this, further store closures are inevitable.”


Thank you for taking the time to read this article, do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.


Alex Glenn is a reporter for Spain’s largest English-speaking newspaper, Euro Weekly News. Formerly she worked in the NHS for 15 years until relocating to Spain in 2018. She loves the Spanish lifestyle, language and culture and spent several years learning Spanish before moving to Spain for a better quality of life. She has made her home in the mountains in Almeria, where she loves being part of a rural community that has a mix of both expats and Spanish residents. In her spare time, she enjoys hiking, reading and exploring the area where she lives.

LEAVE A COMMENT

Please enter your comment!
Please enter your name here