Mike Ashley's Sports Direct has launched legal action against House of Fraser

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Mike Ashley's Sports Direct has launched legal action against House of Fraser

House of Fraser store is pictured in Oxford Street, London on May 8, 2018. Mike Ashley's Sports Direct has launched legal action against House of Fraser, following the firm's move to close stores as part of a rescue plan. The sports chain owns an 11.1% stake in House of Fraser, which last week announced a major restructuring. The sale is conditional on House of Fraser shutting some of its 59 stores, which will be carried out through a so-called company voluntary arrangement. The exact number of closures has not been disclosed. (Photo by Alberto Pezzali/NurPhoto)


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