House of Fraser

. The ailing department store chain had gone into administration. But barely an hour later – there was a new £90m deal to keep it in business

On another bruising day for Britain’s retail sector, five thousand jobs are at risk at Poundworld as the company prepares to appoint administrators. Six thousand more could be in jeopardy at House of Fraser, which is closing more than half its stores around the country. That includes its flagship branch in London’s Oxford Street – leaving staff in…