Drapers -
24 Apr 2021 15:53
You state "There was a similar outcry in 2018, when more than 1,000 suppliers did not receive any money from House of Fraser's administrator, EY, when the retailer was bought out by Frasers Group (then Sports Direct) in a pre-pack deal - owing around £484m in total.", it's wrong to compare this pre-pack deal to the EWM deals , my understanding is that Frasers had no 'connected party' status to House of Fraser. It was a normal business transaction where a business was sold by the administrator f...
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