Michael Murray, is set to abandon his father-in-law Mike Ashley s winning formula of selling stock at heavily slashed prices, to shift the Frasers Group upmarket.
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The British Independent Retailers Association (Bira) has called for the government to do more to help shops cut costs by keeping the discount on business
Work on the Oxford Street store, which was previously home to Topshop s flagship London site, started last year. Ikea planned ti open this year but now hopes the store will open by autumn 2024.