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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.
Sports Direct founder Mike Ashley said buying House of Fraser may have been a mistake for the British sporting goods retailer, in a delayed results statement that also warned it could face a 674 ...
Sportswear chain Sports Direct, which owns 11.1 percent of House of Fraser, said on Saturday that it had applied to London's High Court for an injunction requiring House of Fraser to provide a ...
In July 2019 Sports Direct International expressed regret of its purchase of House of Fraser and problems at the company were described as "nothing short of terminal" it was also announced that future store closures were planned. [39] Mike Ashley (CEO of Sports Direct) attributed the collapse of HoF to the "incompetence of previous management ...
This offset growth across the Sports Direct brand, it added. The group also reported that revenues in its premium lifestyle business – which includes Frasers and Flannels – dropped by 14.1% ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 26 November 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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