Ash­ley’s £95m swoop

Daily Star - - NEWS - By ROBIN COT­TLE robin.cot­tle@dai­

RE­TAIL ty­coon Mike Ash­ley pledged yes­ter­day to cre­ate the “Har­rods of the North”.

The New­cas­tle United owner’s Sports Di­rect firm sealed a £95mil­l­lion deal to buy the iconic Frasers build­ing in Glas­gow.

It fol­lows his ac­qui­si­tion of the House of Fraser group for £90m af­ter it col­lapsed into ad­min­is­tra­tion in Au­gust.

The Frasers build­ing opened as the first House of Fraser store in 1849 un­der the name Arthur and Fraser.

Sports Di­rect said it was “great news” for House of Fraser staff and will save 800 jobs in Glas­gow.

It promised that the “Har­rods of the North” vi­sion would be achieved by con­tin­u­ing to host lux­ury brands in­clud­ing Prada, Gucci, Her­mes and Chris­tian Louboutin.

Sports Di­rect’s Michael Mur­ray said: “We’re over­whelmed and proud to own such an iconic des­ti­na­tion. Ac­quir­ing the free­hold en­ables us to el­e­vate and in­vest in the store to part­ner with a broad range of lux­ury brands.”

Glas­gow City Coun­cil leader Su­san Aitken said: “A ma­jor in­vest­ment on this kind of scale is a clear vote of con­fi­dence in Glas­gow.

“Credit must also go to hun­dreds of Frasers staff who are ab­so­lutely in­te­gral to the busi­ness’s suc­cess and its en­dur­ing pop­u­lar­ity with city shop­pers.”

DEAL: Boss Ash­ley

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