Retail

House of Fraser attacks "greedy" landlords

By 2018-08-28T12:24:00

House of Fraser, Oxford Street

Source: Shutterstock/4Kclips

House of Fraser has labelled its landlords “greedy” for resisting new owner Mike Ashley’s attempts to cut rents on the department store’s 59 outlets.

Sports Direct, which bought the retailer for £90m after it collapsed into administration earlier this month, has been seeking to cut rents in an attempt to prevent stores from closing.

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