You are here

Chinese owner to offload its majority stake in troubled House of Fraser

BT_20180307_JHNAN7_3338905.jpg
House of Fraser reported a 2.9 per cent drop in sales over the holiday shopping season.

London

THE Chinese owner of House of Fraser plans to sell its majority stake in the troubled British department store chain, adding to the upheaval on the United Kingdom's shopping streets.

Nanjing Xinjiekou Department Store Co will sell its 51 per cent holding to a tourism

sentifi.com

Market voices on:

Powered by GET.comGetCom