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Sanpower Group reveals new strategy as it brings luxury specialist Guy Salter on board

London - Sanpower Group, the Chinese giant which is currently selling part of its majority stake in British department store chain House of Fraser, has restructured its business in order to accelerate its global brand building strategy. As part of its restructuring, Sanpower has appointed luxury retail specialist Guy Salter OBE as co-chairman of...

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Management|UPDATE

House of Fraser confirms Hamleys owner is set to acquire 51 percent stake in group

London - Nanjing Cenbest, the parent company of House of Fraser Group Ltd. has confirmed that C.banner International, the Chinese owner of Hamleys iconic toy store chain, is set to acquire a 51 percent stake in department store group. The move sees C.banner becoming the majority shareholder of House of Fraser, with Nanjing Cenbest, part of the...

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Report

Hamleys owner reportedly in talks to acquire stake in House of Fraser

London - C.banner International, the Chinese owner of Hamleys Toy chain, is said to be in discussion to acquire a stake in department store group House of Fraser according to a report. A statement released onto the Hong Kong Stock Exchange on April 24 said that C.banner entered into a memorandum of understanding with Nanjing Xinjiekou Department...

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Management

​Sanpower to introduce premium Chinese brands to Europe via HoF

London - Sanpower Group, the Chinese owner of British department store chain House of Fraser, has announced the launch of a new supply chain programme, designed to create a gateway for premium Chinese brands to gain access to the UK and EU market through House of Fraser. The new initiative, which aims to further strengthen House of Fraser's...

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Report|UPDATE

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...

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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....

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Management

House of Fraser opens debut store in China

House of Fraser has officially opened its first store in China today. Located in the Sanpower Plaza, in Nanjing, the debut Chinese store sees the department store group execute the first stage of its international expansion scheme following its taken over by conglomerate Sanpower Group in 2014. The first Chinese House of Fraser store aims to...

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