Tag Archives: Mike Ashley

Debenhams to close up to a third of its department stores

Debenhams to close up to a third of its department stores

British department store, Debenhams, could be closing up to a third of its stores in a bid to save £100m. Jewellery brands stocked by the firm will be watching developments with interest as they face seeing the number of points of sale for their products drastically reduced. Debenhams stocks more than 4,000 items of jewellery

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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