Frasers Group cuts: Is Cavendish House in danger?
By Sarah Wood | 21st August 2020
More House of Fraser stores are expected to close in the coming months, so is Cheltenham's Cavendish House in danger?
The chain, part of Sports Direct owner Mike Ashley's Frasers Group, has already closed about 10 of the 59 stores bought out of administration in 2018, as reported by the BBC.
Cavendish House escaped the first cut, but will it be so lucky this time around?
Frasers hasn't said how many more stores will need to close, but rent negotiations are continuing with landlords.
Cheltenham's flagship department store, Cavendish House, opened its doors on the Promenade nearly 200 years ago, in 1823. Its loss would be a huge blow to the Promenade and to Cheltenham as a whole.
The Promenade has seen a number of big name stores leave in recent months - including Jack Wills, L K Bennett and Gap. The loss of Cavendish House could be the final nail in the coffin for the shopping street.
Punchline said: "Cheltenham will be holding its collective breath over the future of Cavendish House. It missed the first round of cuts and we really hope it won't be in the mix this time.
"If you love Cavendish House and you love shopping in Cheltenham, it's time to get out there and spend money, before it's too late."
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