Retail billionaire Mike Ashley, the founder of Sports Direct, has demanded new rent deals are tied to sales across his store empire that now includes HoF and Jack Wills as well as Sports Direct and Flannels.
Sports Direct's latest acquisition is a retail park in Hertfordshire that it bought for a third of the price paid by its previous owners. The company said it's planning to transform it into an aspirational destination.
To coincide with its recent arrival on the Oxford Street fashion scene, luxury retailer Flannels has partnered with 10 international designer labels and will be dropping exclusive styles over the coming weeks.
Three years after acquiring a store on the corner of Oxford Street and Poland Street, luxury retailer Flannels has finally joined the selection of global brands on London’s leading shopping thoroughfare.
More news has emerged around Mike Ashley's plans for House of Fraser with a report that he will invest hundreds of millions into relaunching it as Frasers, but is also seeking a three-year rent holiday.