The House of Fraser started out as a small draper's shop in Glasgow, Scotland. In 1849, Hugh Fraser, joined with partner James Arthur to open their own store, called Arthur & Fraser, in Glasgow's Buchanan Street. After Fraser died, his sons took over the business, changing the store's name to Fraser, Sons & Co. in 1873.
House of Fraser developed, over the years, to include most of the prominent historical department stores in the majority of British cities.
In May 2018, the group entered a company voluntary arrangement. On 10 August 2018 Mike Ashley's Sports Direct chain agreed to buy the business (stores, stock, brand) for £90 million. He already owned a considerable stake in the group.
Mr Ashley has vowed to turn the department store chain into the "Harrods of the High Street" and to keep the majority of its stores open.