Author Archives: sarahclarke

Struggling department store takes steps to refinance debt package

Struggling department store takes steps to refinance debt package

House of Fraser has appointed Rothschild as its financial adviser as it prepares to refinance its debt package. The department store chain, owned by China’s Sanpower, has brought in the boutique investment bank to advise on the refinancing of £225m of its £390m debt package, maturing in July 2019, reports The Telegraph. The move comes

House of Fraser hit by credit downgrade amid falling sales

House of Fraser has had its credit rating downgraded by investor agency Moody’s amid weak performing sales. The news follows three consecutive quarters of poor financial results at the department store chain due to both challenging market conditions and company specific factors, notably disruption caused by the launch of a new web platform and underperformance in own

Debenhams senior director departs after 23 years as department undergoes reshuffle

Debenhams has announced that its group trading director Suzanne Harlow will step down after 23 years at the company. The retailer said Harlow intends to explore new opportunities elsewhere and will leave the business on October 20. Her departure comes as new boss Sergio Bucher, former Amazon fashion chief, seeks to turn around the department store. The

Fair Luxury to promote ethical jewellery brands at Goldsmiths Centre

Fair Luxury, an industry organisation which exists to inspire ethical sourcing, will open an exhibition of luxury jewellery at the Goldsmiths’ Centre in London next month. Fair Luxury Presents, which will run from September 18 to October 27, will host a range of jewellery designers selected by a panel of experts for their sustainable business practices