10th Aug 2018 07:15
LONDON (Alliance News) - Sky News on Friday, citing sources, reported department store House of Fraser could appoint administrators as soon as Friday following days of talks over a rescue deal.
On Thursday, Sky News had reported bidders for the troubled retailer - including Sport Direct International PLC Chief Executive Mike Ashley and boss of the Edinburgh Woollen Mill Group Philip Day - were asked to submit "best and final offers" before lunchtime on Thursday.
https://news.sky.com/story/house-of-fraser-may-appoint-administrators-as-soon-as-today-sky-sources-say-11468157
Sports Direct holds an 11.1% stake in House of Fraser.
Related Shares:
Sports Direct