Edinburgh's House of Fraser set to close
Edinburgh's House of Fraser is set to close as part of a restructuring proposal.
The Capital’s store will be the only Scottish store closing in with their office in Glasgow to relocate.
It is understood the Jenners store will remain open.
Frank Slevin, chairman of House of Fraser, said: “The retail industry is undergoing fundamental change and House of Fraser urgently needs to adapt to this fast-changing landscape in order to give it a future and allow it to thrive.
“Our legacy store estate has created an unsustainable cost base, which without restructuring, presents an existential threat to the business.
“So whilst closing stores is a very difficult decision, especially given the length of relationship House of Fraser has with all its locations, there should be no doubt that it is absolutely necessary if we are to continue to trade and be competitive.”
House of Fraser said it has already informed those whose jobs are impacted by its plans.
The closures are part of a proposed Company Voluntary Arrangement, which will require approval from creditors who will make their decision on June 22.