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House of Fraser, Poundworld Turmoil Threatens 11,000 U.K. Jobs

  • Discounter Poundworld is said to have 10 days to find buyer
  • House of Fraser seeking to shut more than half of U.K. stores
A pedestrian walks past a House of Fraser Ltd. department store in Belfast.

A pedestrian walks past a House of Fraser Ltd. department store in Belfast.

Photographer: Jacobia Dahm/Bloomberg
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The U.K.’s deepening retail crisis threatens more than 11,000 additional job losses.

House of Fraser Ltd. plans to close more than half its department stores in the U.K. and Ireland, potentially costing 6,000 jobs, as the struggling chain pursues insolvency procedures aimed at securing new investment.