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House of Fraser has less than two weeks to stave off collapse

House of Fraser has just 11 days to save 17,000 jobs as the retailer scrambles to secure a lifeline before its cash runs dry.
The stricken department store chain must pull in fresh funding by August 20 or risk collapse through a failure to pay its bills.
The deadline outlined by the retailer is when a number of suppliers must be paid, including a raft of in-store concessions.
It was revealed in a statement to the Luxembourg Stock Exchange, underscoring how little time bosses have left to save the business.
The announcement comes as House of Fraser remains in talks with “interested investors" and creditors in an attempt to land a last-ditch rescue deal.
House of Fraser has less than two weeks to stave off collapse

Philip Day, the billionaire owner of Edinburgh Woollen Mill, is in talks over a possible rescue of House of Fraser
Bidders have been told to submit their final...
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