Home Business News Billionaire Mike Ashley’s plan to save the high street

Billionaire Mike Ashley’s plan to save the high street

by LLB Reporter
22nd Nov 18 3:01 pm

Mike Ashley will be speaking in front of members of parliament next month where he is expected to demand more assistance for Britain’s struggling retail sector.

In August, Sports Direct snapped up the 58-store House of Fraser for £90m after it collapsed into administration.

The billionaire boss of Sports Direct 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.”

It is understood that Ashley will try to use his evidence to MPs as a platform for criticism of the government.

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.”

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