Philip Day is in talks with landlords to take over several House of Fraser stores in a move that could infuriate the chain’s new owner, Sports Direct.
The retail billionaire, who was a losing bidder in the battle for control of the department stores group, is talking to between 10 and 15 landlords about leasing the stores and running them under his Days fascia.
Drapers, the magazine that first revealed news of the discussions, said that Day’s Edinburgh Woollen Mill Group was offering to pay higher rents than House of Fraser. The entrepreneur is also believed to have offered to buy some stores.
The Times and the Guardian separately report that department store has taken its website offline amid complaints from customers about delayed deliveries since the company was bought by Sports Direct.
Click here for the full Times Philip Day article (£)
