Chinese owner struggles to boost House of Fraser’s business

Publication

16 April 2018 à 12h24

Updated on 10 May 2019 à 17h09

Reading time

2 minutes

Publication: 16 April 2018 à 12h24, Updated on 10 May 2019 à 17h09

Reading time: 2 minutes

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Publication

16 April 2018 à 12h24

Updated on 10 May 2019 à 17h09

Reading time

2 minutes

Publication: 16 April 2018 à 12h24, Updated on 10 May 2019 à 17h09

Reading time: 2 minutes

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The struggling British chain of department stores House of Fraser (HoF) may be sold by majority shareholder Chinese firm Sanpower Group, which has an 89% stake in HoF and also runs China’s oldest department store called “Nanjing Xinjiekou”. Sanpower aims to offload its stake to the Chinese tourism development company called Wuji Wenhua, which aims to build synergies via Chinese tourists traveling into Europe and making shopping tours within the big capital cities. Meanwhile, Sanpower unveiled a

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