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Nanjing Xinjiekou Department Store Co will buy an 89% stake in Highland Group Holdings Ltd, which owns House of Fraser. [29] The purchase was worth £450 million. [29] Sanpower Group is a 22 per cent shareholder of the Nanjing Xinjiekou Department Store Co. [29] On 2 September 2014. Don McCarthy, retiring Executive Chairman of House of Fraser ...
In January 2021, it was announced that the Jenners House of Fraser store in Edinburgh was closing for good and 200 jobs would be lost. [71] In February, Frasers offloaded their 25% stake in French Connection. [72] In April 2021, the group announced it had doubled the hit it expects to take from the coronavirus pandemic to £200 million. [73]
In 1987, Fraser and Neave and Goodman Fielder Wattie took control of Cold Storage Holdings, [2] the holding group for Cold Storage's food manufacturing, retail, and property arms. [5] In 1988, the property arm of Cold Storage became Centrepoint Properties Limited (CPL) and also started trading on the Singapore Exchange (SGX). [ 1 ]
The department store was acquired by House of Fraser in 1959, which in turn was purchased by the Fayed brothers in 1985. [28] In 1994, Harrods was moved out of the House of Fraser Group to remain a private company prior to the group's relisting on the London Stock Exchange.
By 1968 a new separate holding company was formed Jolly & Son (Holdings) Ltd was set up to oversee several other business set up, including an auction house and a transportation company. In 1970, the business was purchased by E J Dingles and Co, who in turn were purchased by House of Fraser. The Bristol store was closed, while the Bath store is ...
Fraser then went into partnership with Alexander McLaren to develop the retail side of the business and expanded it into one of the largest stores in Glasgow. [ 1 ] Fraser died in 1873 leaving his business to whichever of his five sons decided to take up a share in it: in the end three sons, one of whom was the father of Hugh Fraser, 1st Baron ...
The department store itself was also rebranded from 'Howells' to the core marque 'House of Fraser'; however, due to the store's status as a listed building, the 'James Howell & Co' signs remained. In August 2010, banners referring to the store as 'Howells' appeared above the main entrances and the House of Fraser signage. [citation needed]
Following the closure of the Regent Street store, branches of Dickins & Jones at Epsom, Richmond, and Milton Keynes continued to trade under that name until 2007, when they were rebranded as House of Fraser stores. [3] However, the Dickins & Jones name continues to be used by House of Fraser as one of its in-house brands for women's fashion ...