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By: Jessica Clark

Jess Clark is a City A.M. news reporter covering retail and property.

  • House of Fraser could have been sold for £1, EY letter reveals

    August 17, 2018

    Beleaguered department store House of Fraser could have been sold for just £1 ahead of its acquisition by billionaire Mike Ashley's Sports Direct brand, administrators EY revealed today. The retailer saw a £14.6m drop in profits in the 13 weeks to the end of April, four months before it entered administration. Turnover also declined 7.7 per cent [...]

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