Plans for Grimsby’s former House of Fraser to become the venue for an emerging retail concept have been dashed.
15:17 Ltd, the operator behind a concession-led model it had previewed in the town before the pandemic hit - having launched in Scotland and Wales - is in the process of being wound up.
It had taken leases on large former department store properties with the plan to manage the space, sub-letting areas from cabinets to large-scale units depending on retailers’ needs. But the Covid lockdowns hitting a start-up with no trading history, appear to have derailed it, against a backdrop of continued high street decline and a turbulent economy.
