FOOTIE CHIEF HARRODS OF NORTH VOW
Ashley’s £95m swoop
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