Tag Archives: House of Fraser

New House of Fraser owner reveals fate of stores

New House of Fraser owner reveals fate of stores

House of Fraser’s new owner, Mike Ashley, has revealed the fate of the department store’s outlets around the UK. While the Sports Direct tycoon, who bought the chain out of administration for £90m last month, has been able to save the majority of stores, he announced three will close. Mike Ashley has been in talks

New owner saves House of Fraser’s London flagship

House of Fraser’s London flagship store on Oxford Street has been saved from closure. The flagship site had been due to close under a company voluntary arrangement (CVA) announced by House of Fraser in June, before it went into administration. However, the department store’s new owner has agreed revised terms with its landlord, and announced

House of Fraser will be transformed into the ‘Harrods of the high street’ says new owner

Sports Direct’s controversial owner Mike Ashley promised to turn House of Fraser into the “Harrods of the high street”, after his group announced the acquisition of the ailing department store chain for £90m on Friday. Sports Direct International plc made a statement to the London Stock Exchange last week that it has bought all of

Retail mogul Mike Ashley steps in to save House of Fraser for £90m

It’s been confirmed that Mike Ashley’s Sports Direct chain has stepped in to save House of Fraser, acquiring all its UK stores, the brand and all stakes in the business for £90m. The retail tycoon and owner of Newcastle United sealed the deal earlier today after closing an agreement to buy the department store chain

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