House of Fraser loss in 2017
Figures released in connection with the acquisition of a controlling stake in House of Fraser by C.banner of China, show a net loss in 2017 of £37m. EBITDA fell from £51.6m to £24m in the period. C.banner holds a total stake of 51% of House of Fraser after acquiring 34% from Nanjing Xinjiekou. The chairman of Sanpower, parent company of Nanjing Xinjiekou, is the brother in law of C.banner chairman. The recent transaction values the company at £278m, compared with the £480m that Nanjing Xinjiekou paid for 89% in 2014. Some 11% of House of Fraser is owned by UK Sports Direct.
Related posts
Shein shares plunge 14% to record low after profit slides
Shein shares plunge 14% to record low after profit slides
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
M&S and Sephora enter partnership to bring new beauty destination to the high street
M&S and Sephora enter partnership to bring new beauty destination to the high street
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript