Sports Direct International : buys House of Fraser from administrators for £90 million
08/10/2018 | 11:13am CEST
LONDON (Reuters) - British sportswear retailer Sports Direct has acquired the business and assets of House of Fraser [HFPLC.UL] from the department store group's administrators for 90 million pounds, it said on Friday.
Earlier on Friday, House of Fraser had fallen into administration, a form of creditor protection, after talks with investors and creditors failed to find "a solvent solution" for the business.
(Reporting by James Davey; editing by Alistair Smout)