House of Fraser owed £484m to creditors before its collapse

House of Fraser owed £484m to creditors before its collapse

House of Fraser's (PRIVATE:HOF) website remained offline on Friday having cancelled all online orders on Thursday due to a dispute with its warehouse operator a week after Mike Ashley's Sports Direct International PLC (LON:SPD) acquired the collapsed retailer from administrators.

A message on the retailer's home page reads: "We're now working hard to make some improvements to the website".

"The combination of both businesses will yield some vital cost-saving synergies while it is likely that some of the struggling House of Fraser sites will be rebranded to Sports Direct".

United Kingdom department store retailer House of Fraser is cancelling all online orders and refunding customers following a reported dispute with its warehouse operator.

Trouble continues to mount at House of Fraser as a recent report by Ernst & Young, the professional services firm, cites that the retailer owes millions of pounds to its creditors, including major luxury brand partners.

Magnitude 3.2 Earthquake Strikes Near Big Bear: USGS
A magnitude 7.0 quake on August 5 damaged tens of thousands of homes and displaced several hundred thousand people on Lombok. A spokesperson for GNS science said the quake was 580km below the Earth which would have dampened the shaking at the surface.

"We didn't take this decision lightly, but since we can not give our customers clear assurances of when their orders will be delivered, we believe cancellation is the best option".

XPO Logistics - who deal with shipping for the company - have ceased processing orders for HoF, citing payment disputes as their reasoning.

In a statement, which does not mention XPO Logistics, Sports Direct said: "Since the acquisition, the group has started meeting with various House of Fraser suppliers and concessions".

The department store chain apologised after it scrapped all orders that had not already been sent to customers. Not [one] email concerning delivery or info and now order cancelled and you say email in a few days!

Others remained unsure whether or not they would be receiving their orders. "Don't worry, we will be back up and running as soon as possible".

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