Tag Archives: Sports Direct

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

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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