House of Fraser said it had no plans to dispose of more stores, following Eastbourne, Scunthorpe and Sheffield. It is close to selling one of them and talks are progressing on the others.
It is undertaking a low-cost refurbishment of four stores which will be rolled out in another 15 if successful.
Some £52.3m of exceptional losses plunged the group to a £38.4m loss. Brian McGowan chairman, said there would be no more exceptional write-offs.
- The Daily Telegraph 18/04/97 page 34, 37 (Questor)
- The Guardian 18/04/97 page 26
- The Times 18/04/97 page 25, page 28 (Tempus), page 29 (City Diary)
- Financial Times 18/04/97 page 21 (Observer), page 22 (Lex), page 23
- The Independent 18/04/97 page 25, page 21, page 25 (Investment Column)
