Frasers Group PLC — Regulatory Filings 2018

Nov 22, 2018

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RNS Number : 2419I

Sports Direct International Plc

22 November 2018

SPORTS DIRECT INTERNATIONAL PLC

22.11.18

MIKE ASHLEY VOWS TO SAVE

THE HIGH STREET AFTER DEMANDING

TO SEE SELECT COMMITTEE ON DEC 3RD

Mike Ashley has vowed to save the struggling British high street, insisting MPs must do more to help.

The retailer, whose Sports Direct group stepped in to rescue House of Fraser (HoF) over the summer, is to attend a select committee in Westminster on December 3rd after demanding to meet MPs in person.

Mike Ashley said: "Since we acquired House of Fraser, we've been working around the clock to save as many stores and jobs as possible. I believe politicians and landlords should be doing more to save our struggling high streets, so I intend to make the most of this opportunity to make a real difference."

Sports Direct has announced it has so far saved in excess of 20 HoF stores, including the iconic Frasers store in Glasgow, which the company bought for £95m in order to turn it into the Harrods of the North.

The Housing, Communities and Local Government Committee is currently conducting an inquiry into 'High streets and town centres in 2030.'

A spokesman for Sports Direct added: "The MPs originally wanted somebody from House of Fraser to speak for about 15 minutes as part of a panel of four, and said they didn't mind who it was. Mike thought that wouldn't achieve anything, so instead he demanded to go along in person for a full hour."

[ENDS]

Issued by:

KBA PR

Tel: 020 7734 9995

Email: [email protected] 

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