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Landlords plot legal attack on House of Fraser

House of Fraser

A group of about a dozen landlords is in talks with City law firm Bryan Cave Leighton Paisner (BCLP) over a potential move to block House of Fraser’s company voluntary arrangement (CVA).

Last week, the retailer revealed plans to close more than half its 59 stores, with the loss of up to 6,000 jobs.

House of Fraser’s CVA has attracted particular anger because its Chinese owner wants to take out £70m via the sale of a 51% stake to a related company after the restructuring.

Click here for the full Sunday Times article (£)

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