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Thread: House of Fraser Bought for 90 Million

  1. #1
    Administrator Lex's Avatar
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    Default House of Fraser Bought for 90 Million

    Nice move by Mike Ashley - he picked the business at a bargain price the minute it went into administration: https://www.bbc.co.uk/news/business-45140874

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    Super Moderator rebbonk's Avatar
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    I wonder just what his plans are? I can't see the businesses merging or coming under a common banner, so I guess they'll still be run separately. Which then begs the question what will he do differently to prevent a repeat of the recent past?

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    Lately I heard that Debenhams are planning a merger with HOF.

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    Super Moderator rebbonk's Avatar
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    I'd not picked up on that Margaret, but Debenhams are having a few problems at the moment. They've issued several profits warnings, but I suspect that's a smokescreen for cash-flow problems. I really wonder just how strong their business actually is?

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    Administrator Lex's Avatar
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    Potential new uses for the building in Leamington, should House of Fraser close: https://www.leamingtoncourier.co.uk/...gton-1-8745793

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    Super Moderator rebbonk's Avatar
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    HoF are not doing very well at all at the moment. I hope Ashley hasn't bitten off more than he can chew.

  7. #7

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    A Gym will be stupidly expensive, and we don't want more cafe's / restaurants, what a pathetic plan!
    We already have a Gym and Health Spa, in Leamington and pretty well is on the road at the back of HoF. Another expensive Gym that I know of is in Binswood Ave. and a few more.
    I think it would be good to extend The Priors Shopping Mall there in HoF , plenty of room for shops.
    Last edited by margaret; 20-12-2018 at 01:09 PM.

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