Mike Ashley’s Frasers braces for £ 200million from ‘third wave’ Business

Frasers plans to reopen large swathes of its domain from Monday as non-essential retailers are allowed to welcome customers again.

The group, controlled by Mike Ashley, includes House of Fraser, Game Digital, Jack Wills, Evans Cycles (which has remained open as a core retailer) and Sports Direct.

Bosses criticized the Chancellor’s extension of tariff holidays for businesses and the restrictions it places on savings that can be made for big chains like Frasers.

Mr Ashley’s company also looked for potential buyout opportunities throughout the Covid-19 crisis, showing interest in the collapsed Debenhams and Peacocks brands, although directors found that Frasers’ offers tended to be much too low to be accepted.