House of Fraser snaps up rival

Department stores group House of Fraser bolstered its portfolio today by unveiling a £69.4m (€104.3m) deal for UK regional chain Beatties.

House of Fraser snaps up rival
Tue, 28 Jun, 2005 - 10:38

Department stores group House of Fraser bolstered its portfolio today by unveiling a £69.4m (€104.3m) deal for UK regional chain Beatties.

House of Fraser, which operates from 51 sites, said the proposed acquisition strengthened its nationwide coverage with the addition of 12 stores, providing around 653,000 square feet of profitable retail space.

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