Sports Direct buying all of House of Fraser

[arista]

https://news.sky.com/story/mike-ashleys-sports-direct-buys-house-of-fraser-for-90m-11468296

Mike Ashley, the Sports Direct tycoon
has bought all of House of Fraser.
Paying 90million pounds,
some stores are still in trouble
he may save them, or close some.
time will tell.

Ref : LBC Live

[jaxie]

I'm glad they have a chance, it would be a shame to see such an iconic brand die like so many others.

[bots]

It's a dead business already 15 years past its sell by date. It has been bought several times over and bears no relation to the fantastic place it used to be to shop when I was a kid. They used to have stores that rivaled harrods ... compare that to now

This purchase will be nothing more than a scam with no long term future. The jobs will be lost. The brand is dead meat. The end.

[Withano]

Oop brexit

[jaxie]

Oop brexit

Oop online shopping.

[arista]

[Mark Kleinman
@MarkKleinmanSky

Confirmation of my scoop that Mike Ashley's Sports Direct International
has bought House of Fraser; statement says it has paid £90m for
all of HoF's stores and stock, but no disclosure of likely restructuring plans.
10:19 AM - Aug 10, 2018 ]

[Shaun]

can't buy Newcastle a decent transfer budget though :idc: Ashley is a dick.

[arista]

can't buy Newcastle a decent transfer budget though :idc: Ashley is a dick.


Well he is Very Rich
he said he wants to
House Of Fraser like Harrods?

[MTVN]

What's his intentions though :think:

[kirklancaster]

What's his intentions though :think:

Asset-Stripping.