Mike ##el ’s Sports plc , which owns a 29.9 % stake in Findel , has agreed to buy House of brands for £ ##60 m ( $ 114 m ) . The deal was announced just hours after the British retail chain went into administration .
Mike Ashley’s Sports Direct, which owns a 29.9% stake in Findel, has agreed to buy House of Fraser for £90m ($114m). The deal was announced just hours after the British retail chain went into administration.