House of Fraser's Oxford Street store to permanently close in January 2022
The House of Fraser store on Oxford Street has been given notice by its landlord and will close in January 2022.
Frasers Group has confirmed that the store will be permanently closed, following news last week that the flagship space would be redeveloped with a £100 million investment.
Westminster City Council’s Planning Committee granted permission to Public Properties Establishment last Tuesday to refurbish the store on 318 Oxford Street.
According to the developer’s plans, six floors of the building will be transformed into offices, with an indoor pool and gym area and a rooftop restaurant with a 360-degree view added alongside existing retail space. It has not yet been announced when building work will begin.
The cash-injection will also see repairs made to the store’s exterior, which is currently secured with netting to protect shoppers on the street from falling debris.
The House of Fraser store is not the only retailer on Oxford Street that is re-evaluating its purpose on the high street.
Located nearby, John Lewis has won planning permission to convert a large part of its Oxford Street flagship store into offices, whilst Marks & Spencer will be transforming part of its Marble Arch site into offices and leisure facilities.
