House of Fraser’s Birmingham store, which is a landmark in the city, has been saved from closure.
The store, Corporation Street in Birmingham, affectionately known as Rackhams, currently employs more than 600 staff, and was set to close following House of Fraser’s slip into administration.
The store was one of dozens earmarked to shut before the chain, which went into administration, was bought by Sports Direct for £90m.
This is the second store saved from closure by new House of Fraser owner Mike Ashley. Last week, BLM reported that £95m had been paid for the freehold to the firm’s iconic Glasgow building.
The move has seen Ashley promise to turn the building, which he bought from Glasgow City Council, into the “Harrods of the north” with brands such as Hermes, Prada and Gucci already sold in its store.