House of Fraser an Sanpower
When House of Fraser was acquired by Sanpower of China in 2014, the plan was to take the store global with openings in Russia, the Middle East and China under the name Oriental Fraser. So far no openings have happened and the group posted losses for the fifth year running. The promised investment in the UK business has not materialized either. There is now a possibility that House of Fraser may change hands again and that C.banner International, the Chinese owner of UK toy store Hamleys, may acquire an interest in the business.
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