Down and out at House of Fraser

Dismal scenes at stores taken over by Sports Direct’s Mike Ashley raise questions over his ambition to turn it into the ‘Harrods of the high street’

Everlast sports socks at “mega value” prices jostle for space amid dozens of rails of Lonsdale tracksuit bottoms and Karrimor waterproofs. No, this is not a branch of Sports Direct but House of Fraser in Richmond, one of the wealthiest suburbs of London.

Just over six months after Mike Ashley’s retail group bought the upmarket department store chain out of administration for £90m, his apparent ambition to turn it into the “Harrods of the high street” is hard to detect.

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From our friends over at the : Business | The Guardian

 

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