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Retail Asia25/10/2018

Toy retailer Hamleys looks likely to be sold by Chinese owner C.banner International. The company has launched a strategic review of options for Hamleys’ future after receiving several expressions of interest from would-be buyers. C.banner International has owned Hamley’s for just three years, but the Chinese company has suffered a massive decline in its share […]

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Retail Asia19/10/2018

Superdry has issued a profit warning, saying an unseasonably warm European and US east coast summer together with foreign exchange costs will reduce income by about £10 million. “Superdry is a strong brand with significant growth opportunities, backed by robust operational capabilities, but we are not immune to the challenges presented by this extraordinary period […]

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Retail Asia12/10/2018

French Connection founder and CEO Stephen Marks plans to sell his remaining cornerstone stake in the fashion label. Sky News UK has reported Marks has engaged Numis Securities to approach prospective buyers for the 42 per cent stake in French Connection which he still holds. He founded the brand back in 1969. UK media is […]

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Retail Asia03/08/2018

C.banner International has dropped its House of Fraser rescue plan, dealing what some observers in the UK are describing as a potentially fatal blow. Hong Kong-listed C.banner, which is the parent of toy retailer Hamleys, had undertaken to invest £150 million into House of Fraser assuming control of the business. In June, the deal appeared to […]

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Retail Asia08/06/2018

British-based retailer House of Fraser is set to close 31 of its 59 stores, but its Dundrum store in Dublin and its Victoria Square outlet in Belfast will survive the cull. The company is implementing a restructuring plan that will affect 6,000 jobs – 2,000 House of Fraser employees and 4,000 concessions – in a bid to […]

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Retail Asia08/03/2018

The Chinese firm which has a majority ownership in House of Fraser has confirmed plans to offload most of its stake. A Chinese stock-exchange filing indicates that Nanjing Xinjiekou Department Store (or Nanjing Cenbest) is poised to sell off most of its holdings to tourism development company Wuji Wenhua. Nanjing Cenbest has an 89 per […]

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Retail Asia18/01/2017

John Lewis fashion sales rose a tremendous 7.2 per cent over Christmas – eclipsing the UK department store’s rivals, even robust performances by Debenhams, M&S and House of Fraser. Own brand collections continued to strengthen throughout 2016, with the inclusion of Modern Rarity filling a gap in its private label brand portfolio by appealing to […]

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Retail Asia16/01/2017

The global ambitions of House of Fraser’s new Chinese owners have fallen flat, management is disgruntled and profits have dived nearly 50 per cent in the first half year. That’s the analysis of Verdict Retail senior analyst Emily Stella, who says the department store’s fate is “being closely watched”. Unseasonable weather and consumer uncertainty were […]

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Retail Asia26/12/2016

British department store chain House of Fraser has opened its first standalone store in China, in Sanpower Plaza in Nanjing, the capital of Jiangsu province. Owned by Chinese conglomerate Sanpower Group, the House of Fraser China store spans six floors with more than 425,000 sqft (39,483 sqm) of retail space. It is introducing such brands […]

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Retail Asia30/09/2016

UK department store group House of Fraser is preparing for its debut in China after pushing back its original April launch date because of the Chinese New Year. House of Fraser China says it has made “good progress” with its store planning with the launch now set for late this year. The first store will […]

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Retail Asia19/08/2016

After several attempts at cracking the market, Laura Ashley will finally launch in China. The British retailer, owned by Malaysia-based MUI Group, will open a website via the Alibaba-owned Tmall website and will have a concession within the first House of Fraser store in China set to open this autumn. Laura Ashley finance director Seán […]

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Retail Asia13/07/2016

Selected bidders for McDonald’s China and Hong Kong, including China Cinda Asset Management and dairy producer Beijing Sanyuan Foods, have been asked to make binding offers. Also invited earlier to submit a second-round bid are Sanpower Group, which owns UK department store House of Fraser, and GreenTree Hospitality. McDonald’s is selling 20-year mass franchise rights […]

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Retail Asia02/01/2016

UK and Ireland’s department store group House of Fraser opened its first store in China this month. The store, located Xinjiekou Sanpower Plaza (International Financial Centre) in Nanjing, covers a total building area of approximately 28,500 square meters with six floors and around 50 video screens. Several brands have partnered with House of Fraser to […]

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Retail Asia02/11/2015

Hamleys – the world’s oldest toy retailer – has been bought by a Hong Kong investor. As rumoured last week, the business has been sold to interests connected with the Sanpower Group in China’s mainland, which last year acquired UK department store House of Fraser. The buyer is C.banner International Holdings Limited, a Hong Kong-listed […]

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Retail Asia29/04/2015

UK department store retailer House of Fraser has confirmed it will open three stores in China. The first will be in Nanjing, the home of House of Fraser’s Chinese owners Sanpower after its £489 million buyout of 89 per cent last September. The second store will be in Chongqing and the third in Xuzhou, which […]

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