// The House of Fraser flagship store on London’s Oxford Street closes permanently
// The store has been notified by the landlord and will close in January 2022
// The building was first opened in 1937, when it was inhabited by department store DH Evans
Frasers Group has announced that the House of Fraser flagship store on London’s Oxford Street is set to close permanently.
Since billionaire owner Mike Ashley bought the department store chain in 2018, the company has “worked in partnership with the landlord to keep the store going”.
The House of Fraser store closes in January next year.
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Frasers Group said the store has been trading “three years longer than what was originally proposed by the previous owner”.
It continues to “invest significantly in the UK’s main street” and has called for a quick review of current “archaic business prices”.
The group said that if corporate prices were reviewed, it would support the future of House of Fraser – otherwise further store closures are inevitable.
The building was first opened in 1937, when it was inhabited by department store DH Evans.
The news comes after the House of Fraser announced last week that the store on London’s Oxford Street will be renewed with an investment of £ 100 million after receiving a building permit.
Westminster City Council’s Planning Committee had given permission for public property to renovate the site at 318 Oxford Street.
The major development would have meant that the building underwent an extensive renovation to fix its exterior and transform its upper floors into office space.
It would also have received a restaurant on the top floor with 360 degree views of the surrounding area. Most of the building would have been developed into six floors with offices.
The top two floors would have been torn down and replaced with three, which would take the building up to eight floors.
In addition to offices, the building will have space for a gym and basement pool next to existing retail space.
“It is with regret that we have been notified by the landlord to close the House of Fraser, Oxford Street – after giving building permission to remodel the site,” said a spokesman for the Frasers Group.
“We would like to take this opportunity to thank our staff for their hard work and dedication.”
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