# Sports Direct International plc Acquisition of House of Fraser

- Link: https://www.directorstalkinterviews.com/sports-direct-international-plc-acquisition-house-fraser/412756536
- Published: 2018-08-10T10:04:04+01:00
- Author: Charlotte Edwards

**Sports Direct International plc** (LON:SPD) today announces the acquisition of
the business and assets of House of Fraser from the administrators of House of Fraser
Limited, House of Fraser  Limited and James Beattie Limited, the House of Fraser
group’s main operating companies (the “Operating Companies”), for a cash consideration
of £90 million.

Pursuant to the Transaction, the Group has acquired all of the UK stores of House
of Fraser, the House of Fraser brand and all of the stock in the business.

For the year ended 28 January 2017 (the last date to which statutory accounts are
available for the parent company of the Operating Companies and prior to the appointment
of the administrators), the House of Fraser group had gross assets of £946.3m and
made £14.7m net profit.

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