Sports Direct on Friday the 10th Aug, 2018 announced the acquisition of the business and assets of House of Fraser. House of Fraser is one of the UK’s premium fashion, home and beauty retailers.
The group has acquired all of the UK stores of House of Fraser, the House of Fraser brand and all of the associated stock. The business was purchased out of administration for a cash consideration. As a result of this process Sports Direct has no liability to customers in possession of existing gift cards and vouchers. However we encourage these customers in possession of gift cards and vouchers to send them into the House of Fraser Customer Service at Gift Cards, 311 Granite House, 31 Stockwell Street, Glasgow, G1 4RZ, whereby replacements will be issued.
Chief Executive Mike Ashley said: “We will do our best to keep as many stores open as possible. We look forward to turning House of Fraser into the Harrods of the High Street.”