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House of Fraser's Dublin staff are in the dark over the company's bleak future and whether that extends to their futures after Mike Ashley's British retail juggernaut Sports Direct acquired the struggling retailer's United Kingdom assets.

House of Fraser's Dublin store will become part of Sports Direct if the group's takeover gets regulatory approval, administrators for the department store have said. Last month Sports Direct booked a charge of 85 million pounds for its disastrous investment in Debenhams - a rival department store group to House of Fraser.

Retailer Sports Direct have pledged to try to keep as many stores open as possible. Although very few of House of Fraser's own brands remain, those such as Issa and Biba could be incorporated into this new format.

Why did House of Fraser enter administration?

Shortly after our appointment, the Administrators are pleased to confirm that they completed a sale of substantially all of the group's business and assets to the Sports Direct group.

House of Fraser employs about 6,000 people directly and 11,500 concession staff.

"In addition, it will be interesting to see how Sport's Direct's multichannel experience could help to turn around House of Fraser's department stores' ill-fate".

The store chain had earlier announced its fall into administration, but insisted that "significant process has been made" in finding an owner.

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Sports Direct would not comment on store closures or how many of House of Fraser's 16,000 jobs will be lost.

"We are hopeful that the current negotiations will shortly be concluded".

House of Fraser's lenders, which include HSBC, are now locked in talks with would-be suitors, including tracksuit tycoon Mike Ashley and Philip Day, the billionaire owner of Edinburgh Woollen Mill.

In administration, Ashley will be able to choose which parts of House of Fraser he wants and those parts he does not.

Frank Slevin, chairman of House of Fraser, says he's confident the business is "close to securing its future".

Mr Ashley was one of at least four parties squaring off to rescue House of Fraser after China's C.banner International Holdings Ltd shelved plans to buy a majority stake.

Thousands of anxious shopworkers at House of Fraser stores and its concessions are now waiting to discover their fate.

The move came after discussions between investors and creditors failed to offer a "solvent solution".


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