House of Fraser Oxford Street flagship saved from closure

House of Fraser’s flagship Oxford Street store will stay open after Sports Direct founder Mike Ashley signed new terms with its landlord. The store was previously expected to close under a company voluntary arrangement that House of Fraser had announced in June, before it fell into administration. It was one of 31 stores set to close. Ashley bought the business in a £90m pre-pack deal earlier this month. He has vowed to save at least 80% of House of Fraser’s 59 stores from closure. This is the first deal to be agreed on a House of Fraser store since the