More than 600 jobs at XPO Logistics are at risk after the collapse and subsequent sale of House of Fraser to Sports Direct, which has left the operator owed £30.4m. The department store group initially agreed a company voluntary arrangement in June. The business was subsequently put into administration with EY, and then the majority of assets sold to Mike Ashley’s Sport Direct for £90m on the 10 August. Sports Direct has been a major shareholder in the retail chain […]
Key factors leading to Surfair Global Logistics demise were the owner’s inability to spend “sufficient time” at the business, due to a family bereavement, and an “unexpected trading loss” after inaccurate reporting of the company’s financial position.
Hargreaves Services has purchased civil engineering and earth moving group Pryor, after the latter was placed into administration.