Sports Direct, a UK-based sportswear retailing company, has agreed to buy the freehold of the retailing company Frasers department store in Glasgow for 95 million pounds ($125.4 million).
Sports Direct said that the purchase of the Frasers freehold would allow it to create the Harrods of the North.
The company said that it intends to continue to operate the property as Frasers and will invest in the property to further elevate and enhance this iconic department store and the deal has saved 800 in-store jobs.
Sports Direct, which will fund the deal from cash resources, said completion would take place in January.