House of Fraser closures loom as Ashley’s Sports Direct takes hit
Sports Direct, controlled by controversial tycoon Mike Ashley, said House of Fraser store closures are likely in the next 12 months after it lost £54.6m.
Sports Direct reported a 6% fall in group underlying EBITDA to £287.8m on sales 10.2% up to £3.7bn in the year to April 28, delayed results showed.
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