Oct 12, 2018

Sports Direct buys iconic Glasgow Frasers building

Sports Direct plans to buy the House of Fraser building in Glasgow in a £95m deal. The store, which is owned by a pension fund administered by Glasgow City Council, will continue to trade as Frasers. Sports Direct bought Frasers out of administration in August, acquiring 59 stores throughout the UK. The billionaire founder of the company, Mike Ashley, later paid a surprise visit to the store on Glasgow's Buchanan Street. The building is owned by the Strathclyde Pension Fund, which is administered by Glasgow City Council. "Susan Aitken, leader of Glasgow City Council, said:"Glasgow is the country's number one retail centre after London - and the House of Fraser store on Buchanan Street is a city institution, much loved by generations of Glaswegians.

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