Aug 14, 2018
Mike Ashley vows to keep most House of Fraser stores open
Mike Ashley has vowed to keep open the bulk of the 59 House of Fraser stores he bought last week. In the interview he told the chain's landlords: "Give us a chance and we will try to keep as many open as we can. We are here to get House of Fraser back to where it once was." Mr Ashley also owns the designer chain Flannels, which sells brands such as Burberry and Fendi, and he says he wants more luxury brands sold by House of Fraser. House of Fraser has two main types of relationships with its suppliers: wholesalers, who get paid whether or not their stock is sold, or concession holders, who are paid after their items are sold. Philip Day, a rival retailer who had ambitious to buy House of Fraser, has called on Mr Ashley to pay suppliers "In full".
Make a complaint about Sports Direct by viewing their customer service contacts.