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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CourtsBusinessHeathrowPlace: ChinaPlace: NanjingPlace: UKPlace: FrancePlace: Galeries LafayettePerson: Don McCarthyPerson: Tom HunterPerson: Mike AshleyPerson: Mohamed al-FayedPerson: Jon Asgeir JohannessonPerson: Yuan YafeiOrganisation: House of FraserOrganisation: SanpowerOrganisation: Sunday TimesOrganisation: London Stock ExchangeOrganisation: Sports DirectOrganisation: Baugur Group
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

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