House of Fraser in Corporation Street, Birmingham

House of Fraser department stores snapped up by Sports Direct for £90m

High Street store brand Sports Direct has agreed to buy the fledgling House of Fraser department store chain for £90m. Following House of Fraser going into administration on Friday after talks with its creditors failed to reach an agreement, Sport’s Direct’s Mike Ashley has stepped in to save the business, allowing its 59 shops to remain open, including…

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