Change at top after House of Fraser takeover

Matalan boss John King was named chief executive of House of Fraser today after the department store chain changed hands in a £351m (€523.4m) deal.

Matalan boss John King was named chief executive of House of Fraser today after the department store chain changed hands in a £351m (€523.4m) deal.

The Baugur-led consortium Highland Acquisitions announced that Mr King will join the company early next year as replacement for John Coleman, who stepped down as chief executive after completion of the takeover today.

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