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02-Oct-2018
Mike Ashley sacks House of Fraser senior management team

Mike Ashley’s Sports Direct has announced that they have sacked the senior management team at House of Fraser, following the £90m acquisition of the national retailer in August.

Earlier today, Sports Direct released a one-sentence statement that read: “Following the collapse of House of Fraser on August 10 2018, and subsequent calls for an investigation into the circumstances of that collapse, the Company today announces that we have dismissed the former Directors and senior management of House of Fraser.”

Amongst those leaving are former CEO Alex Williamson, with no successor as yet announced.

House of Fraser’s 58 UK stores will remain open, with further announcements set to come in the next few weeks regarding the company’s future.

Following the acquisition the controversial owner of Sports Direct announced that he aimed to turn the chain into the “Harrods of the High Street” – and since August 10th, his team have been negotiating lower rents with the respective landlords.

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