House of Fraser and Jenners’ rescue deal under threat, says MSP
Local MSP Jackie Baillie has expressed her concern at the news that the deal to buy the House of Frasers Stores, including the flagship store of Jenner’s at Loch Lomond, is not going ahead.
The deal proposed by Chinese company and owner of the Hamely’s toy store chain, C. Banner, to save the high street department store chain, House of Fraser, has fallen through. The firm had previously planned to invest approximately £70million into the 169 year old company.
Jackie Baillie said: “The collapse of this rescue deal is deeply troubling and my thoughts are with the workers at House of Fraser and Jenner’s.
“I am particularly worried by this announcement given the fact that Lomond Shores boasts a fantastic Jenner’s store, enjoyed by locals and visitors to the area alike.
“The priority as talks continue is to ensure that as few local jobs as possible are lost; that workers are kept informed and job security guaranteed for as many as possible.
“It is essential both the UK and Scottish Governments do everything possible to help secure the future of these stores. With tourism booming and Jenners being a much loved retail experience at Lomond Shores, this is most definitely a store to keep.
“But time is running out so it is essential a new investor is found as a matter of urgency.”