vibram-february
vibram-february

Filter Your Content:

View All sports outdoor cycling running fitness
Aug 10, 18

Sports Direct snaps up House of Fraser

{desc}

Sports Direct International plc has bought House of Fraser for £90 million.

House of Fraser, who employ 17,500 people, went into administration early on Friday morning after talks with its creditors failed to reach an agreement.

Sports Direct’s Mike Ashley already owned 11 per cent of House of Fraser before Friday’s acquisition.

A statement from Sports Direct said: “The Group has acquired all of the UK stores of House of Fraser, the House of Fraser brand and all of the stock in the business.”

Mike Ashley had previously stated that he wants to turn Sports Direct into the Selfridges of sport, however, his plans for the department store chain are yet to be revealed.

More Pictures

More pictures
brand1

Get all the latest trade news free straight to your inbox

Enter your email address:

Insight Update
Sports retail and mental health

Sports retail and mental health

Shaun Hogan, Senior Associate at Stevens & Bolton LLP, examines how employers can destigmatize mental health issues

read article

Cycling - Giro d’Italia

11 May - 02 June

Football - EFL play-offs

May 25 - 27 , Wembley Stadium

Motorsport - Isle of Man TT

25 May - 07 June

Tennis - French Open

26 May - 09 June , Paris
Unicorn Darts

Unicorn Darts

GM Operations Centre, Trent Lane, Colwick, Nottingham , NG2 4DS

view profile

Get your FREE digital subscription! Sports Insight is available on your mobile device

kindle-logo ios-logo google-logo

download
  

Works With: