House of Fraser 'in takeover bid from china'

Department store chain House of Fraser was today being linked to a £450m takeover by a conglomerate little known outside China.

House of Fraser 'in takeover bid from china'
Sun, 30 Mar, 2014 - 14:40

Department store chain House of Fraser was today being linked to a £450m takeover by a conglomerate little known outside China.

Nanjing-based Sanpower, which has more than 100 businesses in mainland China including shopping centres, is in advanced talks over a surprise swoop for the UK high street chain, the Sunday Times said.

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