Sports Direct tycoon has been unable to agree terms with landlords of outlets in Edinburgh, Hull and SwindonThe troubled retailer House of Fraser is to shut three stores and is considering the closure of a fourth after its new owner, Sports Direct tycoon Mike Ashley, failed to agree terms with their landlords.Ashley, the owner of Newcastle United Football Club, recently bought the department store chain out of administration for £90m. Following negotiations with landlords around Britain, 20 House of Frasers have so far been saved from closure, safeguarding around 3,500 jobs. Continue reading…
Via: Mike Ashley to close three House of Fraser stores
Categories: English News