Virgin Holidays concessions to close despite House of Fraser rescue deal

Virgin Holidays concessions to close despite House of Fraser rescue deal

The six Virgin Holidays concessions in House of Fraser are still scheduled to close despite a deal to save the department store chain.

Earlier today it was announced that Mike Ashley, owner of discount sports shop Sports Direct, has agreed to buy House of Fraser for £90 million.

The department store had been placed into administration before the deal was announced.

But following Mr Ashley’s deal, all 59 stores were set to open at 11am on Friday, August 10.

Before the chain had gone into administration, it had said it needed to close 31 of its 59 stores – putting up to 6,000 jobs at risk.

Within the stores set for closure were six Virgin Holidays travel agency concessions, which Virgin said would close but stay open as long as the House of Fraser stores did.

Reacting to the news of Ashley’s rescue deal, a Virgin Holidays spokesman said: “Our planned concession closures within House of Fraser will go ahead regardless of its change in ownership.”

Since the House of Fraser closures were announced, Virgin Holidays revealed plans to open 20 concessions in fashion retailer Next.

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