House of Fraser owed £484m to creditors before its collapse

House of Fraser owed £484m to its creditors including designers like Gucci, Armani and Diesel before its collapse.The chain was bought out by Mike Ashley's Sports Direct last week, but the retail tycoon says he will not pay suppliers any money owed before his takeover.HoF's administrators Ernst & Young (EY) have reported the chain's creditors are owed millions, with companies like Versace, Gucci and Prada among the biggest names out of pocket.