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Court date set for House of Fraser landlords

A legal challenge by landlords against House of Fraser’s plan to close more than half its stores is set to be heard on 14 August, following the decision by Hamley’s Chinese owner C Banner to pull out of an investment of £70m in the struggling retailer. 

The resolution of the legal battle with landlords could be a vital step to securing the £50m of new funding the retailer needs, The Guardian has reported. 

The department store’s chief executive, Alex Williamson, has said closing 31 of the 59 House of Fraser stores is the “only viable option” to secure the future of the business.

It was yesterday reported by Sky News that Philip Day, owner of Edinburgh Woollen Mill Group, was one of the potential investors in talks about a rescue deal with House of Fraser.

It is also understood that the department store chain to be in talks with prospective investors including Sports Direct boss Mike Ashley and former Jones Bootmaker owner Alteri.

The hearing is set to consider a complaint filed by five landlords that have been working with advisory firms Begbies Traynor and JLL, and is to be heard in Edinburgh’s court of session.

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