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House of Fraser stores on brink as Mike Ashley wields axe

Mike Ashley is said to be readying another round of House of Fraser closures after landlords refused to agree to his new proposed terms.

The Sports Direct billionaire is understood to have met with property agents at CBRE last week to decide which of the stores at the centre of the dispute should be shut.

The number of closures and job losses could be significant. In September, the tycoon agreed terms with landlords on 20 of House of Fraser’s 59 stores, but only a handful have been closed.

Click here for the full Sunday Times article (£)

 

 

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