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The chairman of Debenhams has challenged Sports Direct boss Mike Ashley to table a formal bid to buy the department store chain, in which he owns a 29% stake.
Group revenue at Sports Direct edged up 0.2% year on year for the 26 weeks to 28 October, despite the “struggles of the high street”.
Some brands supplying House of Fraser are delaying committing to orders for spring 19 because of continuing uncertainty about store closures at the department store chain.
At a parliamentary committee hearing, Sports Direct Group owner Mike Ashley has called for a 20% internet sales tax to save the “flatlining mainstream high street”.
The House of Fraser Kendals store in Manchester has been saved from closure following an agreement with the landlord.
Your need-to-know summary of high profile job changes in the fashion retail sector
Mike Ashley has bought the long leasehold of the former BHS store in Derby from shopping centre owner Intu.
House of Fraser has placed several roles into consultation as it prepares to close its head office on London’s Baker Street, Drapers understands.