Sports Direct snaps up House of Fraser for 90 mln pounds

Click For Larger Image & Read More
Sports Direct snaps up House of Fraser for 90...
 © In-Cyprus 2018
Sports Direct, the British sportswear retailer controlled by tycoon Mike Ashley, on Friday snapped up House of Fraser from the department store group’s administrators for 90 million pounds ($114.9 million).

In a short statement to the London Stock Exchange, Sports Direct said it had bought House of Fraser’s 58 UK stores, its brand and stock.

It gave no details of its plans for the business, the future of its staff – over 5,900 direct employees and 10,100 who work for concession partners – or who would be responsible for pension liabilities.

...


This article was automatically added to our system 10-8-2018

Sports Direct snaps up House of Fraser for 90 mln pounds


The contents of this article including any associated images are © In-Cyprus 2018
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

  • Click For More Info
Advertise Here

Trending Cyprus News

Article Tags: sports, direct, snaps, house, fraser, pounds,

 

  • Click For More Info
Advertise Here

24hr News