Popular now
Debenhams Group returns to growth amid PLT recovery

Debenhams Group returns to growth amid PLT recovery

Currys appoints Fredrik Tønnesen as Group CEO

Currys appoints Fredrik Tønnesen as Group CEO

Inditex sales rise 5.8% after strong start to summer trading

Inditex sales rise 5.8% after strong start to summer trading

House of Fraser’s Manchester Kendal store to close
©Stephen Richards - Kendal Milne's, Deansgate, Manchester

House of Fraser’s Manchester Kendal store to close

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

House of Fraser has confirmed the closure of its flagship Kendals department store in Manchester, after rescue talks with landlords broke down.

The store located in Deansgate is expected to close in early 2019, with around 160 staff expected to lose their jobs.

A spokesman for House of Fraser said: “We have suggested various options to the landlord that would have enabled us to save the store in Manchester. Sadly, these have been declined. We are now in consultation with staff about the fact that the store faces closure in the New Year.”

The building has been open since 1832 and Manchester City Council leader Richard Leese said the council will “do everything it can to get this decision reversed”.

Members of the public also expressed their disappointment over the closure. 

The news comes after Sports Direct earlier this month announced it had dismissed the entire management and executive team of House of Fraser following the department store’s collapse and subsequent takeover by Mike Ashley.

Previous Post
Debenhams ‘could close a third of its stores’

Debenhams ‘could close a third of its stores’

Next Post
ASOS

ASOS appoints new CFO