Insight ReportThe Fall of the House of Fraser: A Timeline Coresight Research August 28, 2018 Executive SummaryIn this report, we briefly outline the failure of House of Fraser under the ownership of Sanpower and note the key events that led to its recent acquisition by Mike Ashley’s Sports Direct. Mike Ashley, owner of Sports Direct, acquired House of Fraser for £90 million on August 10, 2018. House of Fraser’s total liabilities amounted to £836 million in the year ended January 2017. House of Fraser was acquired by Sanpower in 2014, and shortly thereafter sales growth softened and then turned negative. Sanpower’s first cash injection came only in late 2017. Ashley has pledged to keep 47 of 59 existing stores open. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Holiday 2025 Survey Insights: Shopping Activity Builds Amid Black Friday WeekendLuxury Shopping in Focus; Sentiment Slumps Overall Amid Tariffs: US Consumer Survey InsightsConsumer Sentiment Flatlines Ahead of Big Tariff Reveal; Plus, Mass Merchandisers and Wholesale Clubs in Focus: US Consumer Survey InsightsUS Retail Sales Outlook—Preview: Latest Retail Projections in the Absence of Government Data
