Nanjing Xinjiekou news and archive

House of Fraser says its “business as usual” as Chinese owner prepares to sell stake

London - House of Fraser has confirmed that Nanjing Xinjiekou Department Store Co. in advances discussions to offload a large chunk of its 89 percent stake to another Chinese firm. However, the struggling department store chain stresses the sale will not affect its operations as it is “business as usual.” On Tuesday morning a Chinese stock...

Management

House of Fraser's Chinese owner set to sell stake in troubled department store chain

London - Things are not looking good for House of Fraser. Weeks after reports emerged that the deparment store hired investment bank Rothschild to look are refinancing its debt packages comes news that Nanjing Xinjiekou Department Store co ltd., HoF's Chinese owner, is looking to sell its majority stake in the struggling department store chain....