Sports Direct owner linked to House of Fraser rescue package

House of Fraser's Deansgate store
Sports Direct and Newcastle United FC owner Mike Ashley has repoterdly offered to bail out struggling retail chain House of Fraser. It is claimed bankers for the chain have held talks with Mr Ashley over a possible funding deal. In June creditors backed HoF’s plans to close more than half its stores, with the loss of up to 6,000 jobs. Three stores in the North West are to close in Altrincham, Birkenhead and Carlisle. The firm also revealed it is pulling the plug on plans for a store in Chester. The troubled retailer plan... You can carry on reading 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...