Plans for luxury department stores outside London seen as ‘high risk’ after grim year for retail
Mike Ashley’s Frasers Group is thumbing its nose at the high street downturn by opening of three giant flagship stores for its designer fashion chain Flannels – and plans for 15 more in the next five years.
The former House of Fraser at the Meadowhall shopping centre in Sheffield, and a former Owen Owen department store in Liverpool, are to become Flannels outlets, as well as a site in a new development at Leicester’s Fosse Park shopping centre.
