House of Fraser’s flagship store on Oxford Street has reportedly been saved from closure.
Confirming the development, Sports Direct’s Michael Murray stated: “We said we would keep as many stores open as possible, and in less than a week we have saved the biggest store. Oxford Street was meant to close in January and now it’s safe, which is great news for all parties.
“Everyone must remember it was a bust business and we need landlords, councils and brands to pull together to save House of Fraser on the high street.”
The site was due to close under a company voluntary arrangement (CVA) announced in June.