Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Frasers Group, the UK-based fashion and sports goods retailer, has announced that it will close its House of Fraser department store in the Jenners building, Edinburgh, in early May, making 200 jobs redundant.
A statement by the Frasers Group said the store would close because the group was unable to reach a ‘fair’ agreement with the building’s owner on the extension of the rental agreement. A spokesperson for the company which owns the site said there would be another a store in the building and talks with other retailers were already underway.
The Jenners department store first opened in 1838. In 2005 it was acquired by The House of Frasers chain and since 2018 it has been operated by the Frasers (formerly known as Sports Direct) Group.
Eurofound (2021), House of Fraser, Closure in United Kingdom, factsheet number 103511, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103511.