Ashley wants House of Fraser to be ‘Harrods of the High Street’

Photo courtesy of: Martin Rickett/PA Wire.
The new owner of House of Fraser, Mike Ashley, says he will keep as many of the rescued retailer's stores open as possible. Ashley's Sports Direct bought House of Fraser for £90m on Friday (10 August) in a pre-pack sale after it had fallen into administration. All 59 shops opened on Friday, including 31 that have already been earmarked for closure as part of a restructuring agreement. Ashley said: “This is a massive step forward and further enhances our strategy of elevation across the Group. This will benefit both House o... For the full story register now for free or login below...