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House of Fraser to shut another four stores

House of Fraser (HoF) is closing four more stores, all based in major shopping centres.

The department store chain, bought out of administration in August by Mike Ashley's Sports Direct, will shut its Lakeside, Metrocentre, Norwich and Nottingham outlets in the New Year.

Mr Ashley said the landlord, Intu Properties, had been unwilling to reduce rents for the ailing shops.

He added that there had been "multiple meetings with Intu".


BBC News

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