Newcastle United and Sports Direct chief, Mike Ashley, has sacked a number of senior management at the department store he recently bought for £90m.
In a one-sentence statement, Sports Direct said it had “dismissed the former directors and senior management of House of Fraser”.
Those departing the chain will include chief executive Alex Williamson.
Mr Ashley has said he will turn the department store chain into the “Harrods of the High Street” and will try and keep most of its stores open. However, he has been met with considerable problems when trying to cut rents with the chain’s landlords.
Peter Kenyon is attempting to buy Newcastle United from Mike Ashley. The former Manchester United and Chelsea chief executive is believed to have held outline preliminary talks with Ashley.
More to follow
