Sports Direct to turn Glasgow Frasers into ‘Harrods of the north’ | Business

Sports Direct has vowed to create the “Harrods of the north” after clinching a £95m deal to buy Glasgow’s Frasers building in a move that saves 800 jobs. The retailer said it will continue to operate the 350,000 sq ft site as Frasers and will invest in the property to “further elevate and enhance this […]

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Sports Direct sacks House of Fraser management team

Mike Ashley’s Sports Direct has sacked the entire senior management team of House of Fraser, weeks after buying the department store chain out of administration. “Following the collapse of House of Fraser on August 10 2018, and subsequent calls for an investigation into the circumstances of that collapse, the company today announces that we have […]

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Sports Direct sacks House of Fraser’s senior management | Business

Sports Direct, which is controlled by the tycoon Mike Ashley, has dismissed the former directors and senior management of House of Fraser, less than two months after buying the department store group from its administrators. In a brusque statement issued to investors after the London stock market closed on Monday, Sports Direct said: “Following the […]

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House of Fraser stores in Edinburgh, Hull and Swindon face closure

Billionaire businessman Mike Ashley has blamed “greedy landlords” after announcing the closure of House of Fraser stores in Edinburgh, Hull and Swindon. The Sports Direct tycoon had vowed to try to keep 80 per cent of the branches open after buying the department store chain out of administration for £90m last month. So far 20 out of 59 […]

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Mike Ashley to close three House of Fraser stores | Business

The troubled retailer House of Fraser is to shut three stores and is considering the closure of a fourth after its new owner, Sports Direct tycoon Mike Ashley, failed to agree terms with their landlords. Ashley, the owner of Newcastle United Football Club, recently bought the department store chain out of administration for £90m. Following […]

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We spent £1,281 on a House of Fraser sofa – have we lost our cash? | Money

In early July I ordered a £1,281 sofa from House of Fraser. It was due to be delivered on 20 August and I was assured up until the beginning of that week that it would go ahead despite the store going into administration. It never arrived. I’ve now been told by the administrator, EY, that […]

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House of Fraser customers’ anger over invalid gift cards as retailer remains silent

House of Fraser customers have expressed anger at the retailer’s silence after stores refused to accept gift cards bought before a takeover by Sports Direct.  Mike Ashley’s Sports bought House of Fraser for £90m in August after the struggling department store chain collapsed into administration. The deal saved House of Fraser but left creditors nursing […]

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UK market towns embrace foodie wave to revive ailing centres | UK news

Can craft beer and sourdough pizza heal Britain’s ailing market town centres after a pummeling from the internet and retail parks? Macclesfield is joining a growing band of small towns about to find out. Instead of fighting a trillion-dollar giant like Amazon, the Cheshire town is trying to harness the national foodie obsession to claw […]

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House of Fraser customers furious as new owner fails to give refunds | Business

House of Fraser customers who were promised refunds for undelivered goods in the wake of the department store’s collapse are to lose their money after its new owner, Sports Direct, reneged on the offer. In August, six days after the Sports Direct founder, Mike Ashley, controversially paid administrators £90m for the department store group, House […]

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Debenhams share price plunges as struggling retailer seeks restructuring plan

Shares in Debenhams plummeted more than 17 per cent at the open after it emerged the retailer has brought in advisers in an effort to turn the business around. The department store has issued three profit warnings this year, and announced a series of job cuts, while its share price has tumbled by two thirds […]

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