House of Fraser is hoping to halve its debts by the end of the year, it was reported this weekend.

HoF on course to halve debt

House of Fraser is hoping to halve its debts by the end of the year, it was reported this weekend.

The department store retailer’s chairman Don McCarthy said sales had been better than predicted in its five-year plan, and he expected to be well ahead by the end of the financial year. He said he anticipated that debts would be reduced from six times earnings to three and a half times.

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