Jobs saved as Lincoln House of Fraser earns reprieve
Mike Ashley, the new owner of House of Fraser, has branded retail landlords as "greedy" - despite handing out a reprieve to the struggling chain's Lincoln outlet, which had been earmarked for closure.
The Lincoln store will now stay open, but Ashley has failed to agree terms with landlords in Edinburgh, Hull and Swindon meaning hundreds of jobs will be lost.
When he bought House of Fraser, Ashley pledged to save 47 of its 59 outlets.
Ashley said: "We’ve shown what we can achieve on the British high street when we work toget... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...