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

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


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...

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