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Mike Ashley's Sports Direct rescues House of Fraser in £90mln cash deal

Markets.com's chief market analyst Neil Wilson discusses the acquisition of House of Fraser by Sports Direct (LON:SPD) for £90mln in cash.

Mike Ashley, the founder of Sports Direct, bought an 11% stake in the business in 2014, while he also has a 29.7% stake in its rival Debenhams.

 
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