Daily Mail

Ashley scores against Fraser

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House of Fraser has bowed to pressure from Mike Ashley and handed him a secret business plan.

The tycoon, who owns 11pc of the store through Sports Direct, filed a court injunction earlier this year to demand a copy of the document.

house of Fraser’s management has sent the document to Ashley, handing him crucial informatio­n that could aid a dramatic swoop on the business. The plan was prepared late in 2017, before house of Fraser announced a store closure programme and Chinese investment as part of a rescue plan.

A group of house of Fraser’s landlords were refused access to the document because it contains commercial­ly sensitive informatio­n permitted only for shareholde­rs.

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