Ashley sacks entire House of Fraser management team

Mike Ashley's firm has sacked the senior management at House of Fraser just weeks after it bought the department store chain. In a one-sentence announcement to the stock market, Sports Direct said it had "Dismissed the former directors and senior management of House of Fraser". It is not clear who will replace the management team at House of Fraser, or how many people are affected by the decision. PA. Mr Ashley has vowed to turn the department store chain into the "Harrods of the high street" and to keep most of its stores open. "We think the biggest and most important thing House of Fraser is missing is luxury brands."

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