Mike Ashley’s Frasers Group refuses to pay rents

By Luke Tugby2020-07-09T06:27:00

Mike Ashley’s Frasers Group has told landlords it will not pay rents until it is “fully able to freely trade as a business” again.

The group, which owns a host of high street chains including Sports Direct, House of Fraser, Flannels, Game and Jack Wills, was forced to close all of its stores during the coronavirus pandemic.

Although non-essential stores across the country are now open for business, social distancing has impacted the number of customers allowed into shops at any given time.

Frasers said it does intend to pay rents until trade “reaches a level” that it, and its landlords, had expected when agreeing rental terms.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Two free article views per calendar month on Retail-Week.com
Detailed analysis of current trends and events
Exclusive newsletters
In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.