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Later that day, Sports Direct International agreed to buy all House of Fraser UK stores, the House of Fraser brand, and all of the stock in the business for £90 million in cash, converting all old House of Fraser stores into Sports Direct. Prior to the company entering administration, Sports Direct's Mike Ashley held an 11% stake in the company.
In the face of competition from other retailers offering more goods at lower prices, Lillywhites fell into financial difficulty. In 2002 Jerónimo Martins sold the company to Sports World International, the owner of the Sports World retail chain, and some of the outlying stores were rebranded as Sports World.
This is an accepted version of this page This is the latest accepted revision, reviewed on 21 December 2024. British entrepreneur (born 1964) Mike Ashley Ashley in 2023 Born Michael James Wallace Ashley (1964-09-09) 9 September 1964 (age 60) Walsall, Staffordshire, England Occupation Businessman Years active 1980–present Title CEO of Sports Direct (1982–2018) Newcastle United owner (2007 ...
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The first USC store opened in 1989 in Edinburgh and specialised in sports clothing. USC originally stood for 'United Sports Corporation' and was founded by Angus Morrison and David Douglas. [1] USC was purchased for £43 million by Sir Tom Hunter in 2004. [2] The company entered into administration on 29 December 2008, [3] [4] and 15 stores ...
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