22 August 2018/Categories: CILT, Industry News, Logistics & Supply Chain, Operations Management
(Image: Western Mail)
More than 600 jobs are under threat at two House of Fraser warehouses which supply deliveries to stores and customers, a union has warned.
However, sources close to the the warehouse operator say this sum was inaccurate and that it was owed around £12m.
Mike Ashley's Sports Direct bought the chain just hours after it went into administration earlier this month. This means it is not legally obliged to pay suppliers money owed before its £90m buyout, as their debts were part of the administration. Mr Ashley says he intends to turn the chain into the "Harrods of the High Street", but it is not clear how many of the stores he will keep on. XPO Logistics is one of a number of suppliers owed money due to the chain's collapse. In total, EY has estimated suppliers are owed £484m.
source: BBC News
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