House of Fraser has also gone pop, called in the administrators this morning after the new funding offer was withdrawn and the new potential investors failed to agree terms. Expect Sports Direct to buy it out of administration for peanuts shortly.
Nice when it first opened - their burnt ends were delicious. But like many places like this, they need to keep evolving the menu or it becomes stale
Ha, called it, though I didn't expect it to be quite that quick... Sports Direct has confirmed the purchase of House of Fraser for £90m from administrators.
It's certainly a lot of retail space, but they're leased, they sold and leased back their property portfolio years ago.
Not necessarily, his premium retail division is actually doing well (though I still can't believe he's opened a Flannels in Hull).
Wouldn’t be surprised to see our House of Fraser saved right next to one of his flagship Sports Direct/USC stores.
https://www.hulldailymail.co.uk/new...e-fraser-administration-sports-direct-1882590 Re-opened as normal now. Some turnaround.
Hasn't it been gone a while? I was eating in El Toro a couple of weeks ago and pointed out to Mrs Tash that Aunt Bibby's had gone and been replaced by something else...unless I was looking at the wrong shop and am just psychic?!
£900+ million assets on last full accounts, although most reckon they will have sold and leased back since then
A pre-pack administration (which this probably was at the end of the day) means the deal has been agreed beforehand and hence the quick phoenix act afterwards.
