• Text size      
  • Send this article to a friend
  • Print this article

House of Fraser 'interest'

Newcastle United owner Mike Ashley is considering buying a stake in House of Fraser, it was reported.

The founder of Sports Direct International, whose company recently signed a retail deal with Rangers, is understood to have sounded out some shareholders of the department store chain to discuss buying out investors and creating a strategic partnership.

House of Fraser began life in 1941 as the drapery business Fraser, Sons & Co in Glasgow and was bought by a consortium led by the now-defunct Icelandic retail investor Baugur in a £351 million deal in 2006.

Shareholders of the business, which has 62 shops in the UK and Ireland, also include Karen Millen co-founder Kevin Stanford and Lloyds Banking Group. No-one was available for comment.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.