Insight Report 6 minutes PremiumThe 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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Data Dive: The Global Obesity Economy—Shaped by the Spending of 1 Billion ConsumersUS Consumer Tracker: Modest Valentine’s Day Spending LikelyCompeting with E-Commerce Giants Through 2030: The Future of Malls—Part 3The Evolution of Checkout: Trends and Innovations for a Seamless Shopping Experience
