Jobs saved as House of Fraser deal is struck

SEVERAL hundred jobs have been saved at the intu Lakeside House of Fraser store after a deal was brokered between its landlords and new owner. 

It was announced last year that it was one of  four House of Fraser stores set for closure following an announcement from Sports Direct who bought the department store chain in August.

Stock at the store, one of the most prestigious at Lakeside had been run down but now it seems relieved staff will have the job of refilling shelves and displays.

The sticking point appeared to be ground rent for the stores but it has been announced  a deal has been struck and the branch, along with three others in Norwich, at the Metro Centre and in Nottingham, have been saved. 

The stores’ owners said: “After the stalled talks with intu we are happy to announce that we have come to an agreement that will help secure the future of House of Fraser intu stores in Norwich, Metro Centre, Lakeside and Nottingham

“This is great news for over a thousand employees whose jobs have now been saved.

“We would like to thank intu and all of our colleagues for their hard work and patience throughout the past five months.

“This shows further commitment to the high street and the turnaround of House of Fraser.”