As the 17,000 staff who work at House of Fraser stores digest news of its likely new ownership and soon-to-happen CVA, analysts have said the new investment from C.Banner could spur a recovery at the retail chain.
A new partnership between UK department store Debenhams and Western Union will see the retailer offer global money transfer to more than 200 countries and territories via existing travel money bureaux.
Available in the UK for the last five years through department store chain Debenhams, the Kidiliz group-owned Levi's Kids brand is hoping to boost its visibility in the country with pop-up stores in 100 locations.
Sales dropped and profits headed downwards fast in the first half for Debenhams, but its international ops were stronger and its revamp strategy is showing early good results, although there's still a lot of work to do.
The prospects are looking grim for House of Fraser with news that the struggling retailer has called in advisors to look at its restructuring options, which means store closures could be on the horizon.