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UK department store House of Fraser’s landlord serves notice on retail tycoon Mike Ashley to leave


Doubts are growing about the number of House of Fraser department stores Mike Ashley will keep open as landlords lose patience with him paying no rent while he decides what to do with the spaces.The retail tycoon said he hoped to save about 80 per cent of House of Fraser’s 59 stores across the UK and turn the chain into the “Harrods of the high street” after it was bought out of administration for £90 million last August by his leisurewear business Sports Direct.But the landlord of Rackhams in…

Source : South China Morning Post
Read more…UK department store House of Fraser’s landlord serves notice on retail tycoon Mike Ashley to leave

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