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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

  2. #2
    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?

  3. #3
    Established Member margaret's Avatar
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    Lately I heard that Debenhams are planning a merger with HOF.

  4. #4
    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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