Tuesday, 28 August 2018

House of Fraser criticised 'greedy' landlords

House of Fraser has criticised "greedy landlords" that are resisting new owner Mike Ashley's attempts to cut rents on the store chain's 59 outlets.

Earlier this month the Sports Direct owner bought the retailer for £90m after it collapsed into administration.

It has been seeking to cut rents in an attempt to prevent stores from closing.

The British Property Federation criticised Sports Direct, saying one party cannot "cry 'unfair' in the media when it doesn't get what it wants".

BBC       News.

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