swansea still unbeaten in championship SPORT

NATIONAL NEWSPAPER OF WALES PAPUR CENEDLAETHOL CYMRU Saturday, August 18, 2018 www.walesonline.co.uk £2 DAILY NEWSPAPER OF THE YEAR

the pinc
list 2018 Big name ‘keep calm...
don’t look back’
creditors
it’s in your
hit by the
collapse
80-page
magazine

of House
24 pages
of homes of Fraser
H
ouse of Fraser collapsed
owing creditors such as
Armani, Diesel and Prada a
total of £484m, new documents
have shown.
The department store chain was
bought out of administration by
Mike Ashley’s Sports Direct last
week, but the retail tycoon is not
paying suppliers money owed
before his rescue.
The two House of Fraser stores in
new honour Wales, based in Cardifff and Cwm-
for geraint bran, had both been named in clo-
CHRIS PYKE
Business reporter
chris.pyke@walesonline.co.uk
Arrangement) prior to the Sports
Direct buyout.
The fate of both stores is now not
known.
Sports Direct mogul Mike Ashley
has said that he hopes to keep 80%
of the 59 House of Fraser stores
open, with some having floors or
areas converted into Sports Direct
Tributes to the teacher who led
stores.

page 11
sure plans by the beleagured retail
giant when it went for the option of
Some 17,000 staff have been pupils to safety at Aberfan: Page 5
a CVA (Company Voluntary »»turn to page 6

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