Headlines

House of Fraser to Close Oxford Street Flagship

Landlord to redevelop building as office space, some retail

Published

2 years ago

November 18, 2021

House of Fraser to Close Oxford Street Flagship — Shutterstock

British department store chain House of Fraser (London) will close its flagship store on London’s Oxford Street in January 2022, reports The Guardian. The retailer is reportedly being forced to move out of the building by its landlord.

“Since acquiring [House of Fraser] in 2018, despite challenges faced, we have worked collaboratively with the landlord to keep the store trading three years longer than what was initially proposed by the previous owner,” said a Frasers spokesperson.

The building’s owners received approval to redevelop the site into six floors of office space with retail at street level, a pool and gym in the basement and a restaurant on its rooftop. House of Fraser may open a smaller location in the building once the redevelopment project is completed.

Jennifer Acevedo

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

click to Comment(Comment)

Up Next

Away Names Three New Executives

Don't Miss

Christmas Trees in Short Supply this Season

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design