House of Fraser bought by Mike Ashley's Sports Direct
11 August, 2018, 10:22 | Author: Tommie Newton
Mid-market retailers like House of Fraser have been hit particularly hard, with rivals Debenhams Plc and Marks & Spencer Group Plc shrinking store space as their online businesses have been slow to take off.
Notices placed on the doors of the Belfast department store said it would open later than usual at 11am on Friday after the chain entered administration.
Administrators were appointed to the historic retailer this morning.
House of Fraser, meanwhile, assured that its offices and stores will continue operating while they attempt to reach a deal.
Scott Lennon, Unite regional officer with responsibility for Sports Direct, said: "Sports Direct is a leopard that has not changed its spots and we hope that its poor record on pay and employment practices are not transferred to the House of Fraser".
When it did open, a customer who tried to use a £100 gift voucher at the store said she had it declined.
However, the chain announced earlier today that it was calling in the administrators in a further bid to try and save the company.
Alan Hudson of EY, joint administrator, said: "We have worked very closely with management, its advisors and creditors in recent weeks and are pleased that we have been able to successfully conclude a sale of the business in short timescales which preserves as numerous jobs of House of Frasers employees as possible".
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