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Sports Direct Buys House Of Fraser's UK Stores For £90M

Law360 (August 10, 2018, 1:03 PM EDT) -- Sports Direct International PLC has reached a deal to buy all of House of Fraser's stores in the United Kingdom as well as the House of Fraser brand for £90 million ($115.1 million), according to an announcement from Sports Direct International on Friday.

The deal includes 58 House of Fraser stores, or the vast majority of its locations, according to a listing of stores on House of Fraser's website.

Sports Direct said Friday that the sellers are the three main operating companies of House of Fraser:...
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