House of Fraser blames ‘greedy landlords’ for blocking Mike Ashley’s attempts to save stores

House of Fraser has said “greedy landlords” are blocking new owner Mike Ashley’s attempts to negotiate lower rents and save stores from closure.

The Sports Direct founder bought the department store out of administration earlier this month.

Before the company collapsed, it had announced plans to shut 31 of its 59 stores. However, Mr Ashley vowed to keep 80% of branches open.

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