×
1 327
Fashion Jobs
ESTÉE LAUDER
Operations Support Manager
Permanent · Petersfield
ESTÉE LAUDER
jo Malone London - Omnichannel Operations Manager
Permanent · London
ESTÉE LAUDER
Multi-Brand - Business Manager, 37.5 Hours - Oxford - John Lewis
Permanent · Oxford
V. F. CORPORATION
Key Account Manager
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots Bath - 28 Hours - Permanent
Permanent · Bath
CONVERSE
Strategic Account Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Covent Garden, London - 20 Hours - Permanent
Permanent · London
SHISEIDO
National Account Manager
Permanent · London
TIMBERLAND
Credit Controller - French Speaking - Timberland
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 15 Hours - Permanent
Permanent · Belfast
ESTÉE LAUDER
Clinique - Consultant - Boots Sedley Place, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Stratford, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Durham - 6 Hours - Permanent
Permanent · Durham
ESTÉE LAUDER
Clinique - Consultant - Boots Londonderry - 11 Hours - Permanent
Permanent · Londonderry
ESTÉE LAUDER
Clinique - Consultant - Boots Kensington, London - 22.5 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 10 Hours - Permanent
Permanent · Belfast
BRAND STABLE LTD
Wholesale Sales Executive
Permanent · LONDON
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
ESTÉE LAUDER
Tom Ford Beauty - Digital Marketing Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 6 Hours - Permanent
Permanent · Edinburgh
By
Reuters
Published
Apr 7, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Sports Direct founder buys stake in House of Fraser

By
Reuters
Published
Apr 7, 2014

London, UK - The founder of Britain's Sports Direct has bought an 11 percent stake in House of Fraser, a source close to the deal said, only days after China's Sanpower Group agreed to buy a 89 percent in the British department store.



Mike Ashley, who holds 62 percent of sport goods retailer Sports Direct, the firm he founded in 1982, has long been linked to attempts to acquire Britain's House of Fraser and finally bought the stake this week from Scottish tycoon Tom Hunter, the source said.

British media said the deal was worth 50 million pounds.

It was unclear however whether Ashley, who also owns English Premier League soccer club Newcastle United, had bought the stake personally or done so via Sports Direct, but media reports said it was likely to be the latter.

On Friday a source said China's Sanpower Group had agreed to buy an 89 percent stake in the 160-year-old House of Fraser in a deal valuing the department store at over 450 million pounds ($746 million), including debt.

House of Fraser trades from 61 stores in Britain and Ireland and has annual sales of about 1.2 billion pounds.

Sports Direct, which has over 600 sports stores in Europe, including 400 in the UK, grew rapidly during the economic downturn on demand for its value offers, supported by a mixture of acquisitions, expanding online sales and the demise of rivals like JJB Sports.

Sports Direct and House of Fraser declined to comment.

© Thomson Reuters 2021 All rights reserved.