This nearly certainly will leave at least part of the pension fund in the hands of the Pension Protection Fund as well as the continued prospect of job losses but helps to keep the doors open at some House of Fraser locations including the iconic former Kendal's site on Deansgate, Manchester.
Later this morning, Sports Direct boss and Newcastle United owner, Mike Ashley, stepped in to buy the ailing department store.
The move means the company will takeover all the stores, including the one in The Oracle in Reading, Berkshire.
The retailer said "significant progress has been made" in reaching a sale of the group's business and assets.
The announcement came just two hours after the formal court hearing to put House of Fraser into administration.
Notices placed on the doors of the Belfast department store said it would open later than usual at 11am on Friday after the chain entered administration.
A statement released on behalf of House of Fraser before the deal was struck said: "House of Fraser announces that its discussions with interested investors and its main secured creditors have not concluded in a solvent solution".
Russian envoy calls on Imran Khan
However, no official notification confirming the swearing-in ceremony on August 18 has been issued as yet. Mr Khan had contested from five constituencies and had won from all of them.
Samsung lines up $22 bn spending for new tech
That sum is 6% greater than the investment made by the South Korean conglomerate over the past three years, according to Reuters . It reflected Samsung's commitment to support youth employment, Samsung said in a statement.
At that time chief executive Alex Williamson said: "We are hopeful that the current negotiations will shortly be concluded".
"An acquisition of the 169-year-old retail business will see House of Fraser regain stability, certainty and financial strength".
Why did House of Fraser enter administration?
Sources said that Mr Ashley will now begin the process of turning some House of Fraser stores into Sports Direct outlets and rebrand others under the Flannels fascia.
"Despite the very recent termination of the transaction between Cenbest and C.banner, I am confident House of Fraser is close to securing its future".
As part of a deal, Chinese retailer C.banner would have taken a 51% share in the firm.
While the department store entered rescue talks with a number of different companies, these have continued to break down over the past few months. It is understood that House of Fraser is up to date with payments to suppliers, but may need to find about £15million ahead of monthly rent bills due before the end of August.
The first eclipse of 2018 was the super blue blood moon on January 31, but the first partial solar eclipse was on February 15. The eclipse will officially begin at 9.02am BST (8.02am UTC) when the moon first appears to make contact with the sun's disk.
Now video games will be given the same treatment as movies: As works of art, they will be exempt from the ban on swastikas. All computer games sold on storage media in Germany have to be checked by the USK, which issues age ratings.
CBA has further informed that the bond would welcome other blockchain technologies in the future times. CBA has stated that Ethereum has the " the largest and most active development community globally ".
Brian France has retreated from the spotlight the last two years as NASCAR has struggled with attendance and television rankings. He knows the ins and outs of what's going on to this very minute in the sport, has been around the sport for a long time.
IKEA will be opening 40 such stores in years to come in Navi Mumbai, Bengaluru, Ahmedabad, Surat, Pune, Chennai and Kolkata. Like the products, the food is also affordable with biryani priced at Rs 99 and chicken meat balls Rs 149.
On the back we have a single-lens camera, and the phone features just one port as well, the USB-C connector. Why are Pixel 3 XL units out in the wild at this time? In the meantime, check out the full clip below.
One thing that has to be considered in this new report is Snook's relationship to both Meyer and Zach Smith and the university . Zach Smith was sacked at the end of July when college football reporter Brett McMurphy brought the allegations to light.
Hurricane Hector was formed far out in the Pacific Ocean on 2 August with maximum sustained winds of 85 miles per hour (140 kph). A high surf warning has been issued for east shores of the Big Island in anticipation of the impacts of Hurricane Hector.
If everything works as it should, then you will be able to use the same sort of voice commands on watch as you can on the Note 9. With the Note9, Samsung played shamelessly to its fanbase and gave them what they've asked for pretty much every year.
Unai Emery: 'Danny Welbeck staying at Arsenal'
Ahead of them could be the exciting triumvirate of Mesut Ozil, Henrikh Mkhitaryan and Pierre-Emerick Aubameyang. Arsenal have received six red cards in Premier League opening weekend fixtures, more than any other side.
Blue Light From Phones Speeds Up Blindness, Study Claims
A new study from the University of Toledo has revealed how blue light from smart devices and screens is damaging our eyes. Instead, he said, it's just blue light, which "can kill any cell type". "It can kill any cell type".
Brad Pitt’s $8m loan to Angelina Jolie
Jolie was trying to restrict Pitt's interactions with the children, and the judge came down hard on her earlier this summer. Angelina Jolie would have been better off saying it was child support since a loan she will have to pay back - see below.
Magic Leap’s mixed reality headset is finally on sale
Today, it has finally released its first product: The Magic Leap One, Creator Edition , the first "mixed-reality" headset. The device will cost $2,295, with an optional Professional Developer Package available for $495.
DOOM Eternal gameplay reveal: Here's how to watch
You can find both of the gameplay sections that were shown today for DOOM Eternal below courtesy of MKIceAndFire . As promised, id Software and Bethesda has revealed at QuakeCon 2018 the first gameplay footage for DOOM Eternal .
Ebola vaccinations could start Wednesday in Congo outbreak
More than 3,000 doses remain in stock in the capital Kinshasa, allowing authorities to deploy them quickly to affected areas. Tarik Jasarevic from the World Health Organization explains why it is so hard to deal with the latest outbreak.
Samsung Galaxy Note 9 forums are now open
The Galaxy Watch can track 39 exercises, six of them automatically without you even having to launch the device's workout mode. The Note 9 is also a big phone - so if you're a fan of smaller screens then you'll probably want to stick with the iPhone.