What has happened to House of Fraser?
Frasers Group confirmed on Wednesday that the flagship store on London’s Oxford Street is set to permanently close. Since billionaire owner Mike Ashley acquired the department store chain in 2018, the business has “worked collaboratively with the landlord to keep the store trading”.
What was House of Fraser before?
Fraser & Sons
It was established in Glasgow, Scotland in 1849 as Arthur and Fraser. By 1891, it was known as Fraser & Sons. The company grew steadily during the early 20th century, and after the Second World War a large number of acquisitions transformed the company into a national chain.
Who took over the House of Fraser?
House of Fraser is to close its flagship Oxford Street store for good in January. Mike Ashley’s Fraser Group – which acquired the branch as part of £90billion takeover of the brand in 2018 – said further closures are also “inevitable”.
Is House of Fraser closing down 2021?
Following in the footsteps of Big Topshop and Debenhams comes House of Fraser, who’ll be shutting their flagship department store in January 2022.
Is House of Fraser still trading 2020?
House of Fraser had 59 stores when it was bought out of administration by Ashley’s retail group. It now has 43 stores, but that number will decrease to 41 by the end of January after the closure of the Oxford Street store and another in Swindon, which is scheduled to shut in December.
Who owns House of Fraser in Middlesbrough?
Billionaire Mike Ashley
Billionaire Mike Ashley took ownership of the department store after Sports Direct acquired the chain. Before it went into administration in 2018, House of Fraser had announced that it planned to close the Middlesbrough store but that was halted following the takeover.
Are any House of Fraser stores closing?
How much did Mike Ashley buy House of Fraser for?
£90m
Mike Ashley’s Sports Direct has agreed to buy the House of Fraser department store chain for £90m. The deal was announced just hours after the 169-year-old chain went into administration when talks with its creditors failed to reach an agreement.
