Sports Direct Plans to Keep Most House of Fraser Stores Open - BloombergQuint
International Plc says it will continue to operate most of House of Fraser’s 59 department stores in the UK and Ireland after acquiring the chain for £90 million (€100 million). Sports Direct rescued House of Fraser from near collapse last week after would-be Chinese buyer C.banner International Holdings pulled out, prompting the UK company to begin insolvency procedures. House of Fraser is the latest near-victim of a crisis that has claimed retailers like BHS, and the UK arm of Toys “R” Us. After buying House of Fraser, Sports Direct chief executive said he wanted to turn the chain into the “Harrods of the high street,” referring to the upmarket London retailer.