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Saved! Telford's House of Fraser store will remain open

House of Fraser's store in Telford is to remain open under a deal secured by Mike Ashley. Credit: PA

House of Fraser's Telford store is to remain open under a deal secured by the company's new owner, Sports Direct.

The announcement will save 150 jobs at the store, which had been earmarked for closure.

Sports Direct's chief executive - and House of Fraser's new owner - Mike Ashley has pledged to save around 47 outlets.

James Keany, head of national agency at CBRE, said: "This is another example of what can be achieved when landlords work with us to ensure we deliver on the House of Fraser rescue plan."

The Telford Centre is undergoing a £55 million redevelopment, due to finish in spring 2019.