By James McGregor

As with most corporate deals, there are potentially positives and negatives to this week’s sale of House of Fraser to Chinese department store chain, Nanjing Cenbest, for £480m.

Holding firmly onto his 11 per cent stake, Sports Direct founder Mike Ashley clearly believes there will be more of the former than the latter.

If he’s anything, Ashley is a shrewd businessman and one who is often right about the way the wind is blowing in retail – so his position shouldn’t be taken lightly. If he’s excited, perhaps we should all be.

I expect him to hang onto his stake for as long Read full story ›

Source: The Drum