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Sports Direct buys House of Fraser out of administration for £90m

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Sports Direct has bought House of Fraser out of administration for £90 million, just hours after the department store announced its collapse as last-ditch talks to save it failed. In a stock market announcement, the Mike Ashley-owned Sports Direct said it has acquired all of the UK stores of House of Fraser, the brand and all of the stock in the business.

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Sports Direct buys House of Fraser out of administration for £90m

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