UK’s House of Fraser to shed 6 000 jobs

British department store group House of Fraser said on Thursday it has proposed closing 31 stores in a move likely to result in 6 000 job losses.

The restructuring plan would leave the group with just 28 stores in the UK.

It said it had filed proposals for Company Voluntary Arrangements to proceed with the restructuring.

The CVA route allows firms to avoid insolvency or administration.