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'Politicians should do more'

Ashley to meet MPs with a pledge to save high street

Mike AshleyMike Ashley has vowed to save the struggling British high street, insisting MPs must do more to help.

The retailer, whose Sports Direct group stepped in to rescue House of Fraser (HoF) over the summer, is to attend a select committee in Westminster on 3 December after demanding to meet MPs in person.

In a statement issued to the stock exchange today, Mr Ashley said: “Since we acquired House of Fraser, we’ve been working around the clock to save as many stores and jobs as possible. I believe politicians and landlords should be doing more to save our struggling high streets, so I intend to make the most of this opportunity to make a real difference.”

Sports Direct has announced it has so far saved in excess of 20 HoF stores, including the iconic Frasers store in Glasgow, which the company bought for £95m in order to turn it into the Harrods of the North.

The Housing, Communities and Local Government Committee is currently conducting an inquiry into ‘High streets and town centres in 2030.’

A spokesman for Sports Direct added: “The MPs originally wanted somebody from House of Fraser to speak for about 15 minutes as part of a panel of four, and said they didn’t mind who it was. Mike thought that wouldn’t achieve anything, so instead he demanded to go along in person for a full hour.”

Mr Ashley recently acquired Evans Cycles, and has significant stakes in Debenhams,Agent Provocateur and Game Digital.

See also:

Ashley emerging as saviour of British high street



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