Sanpower

Retail Asia09/08/2018

Quirky gadget retailer Brookstone has filed for Chapter 11 bankruptcy protection – again. But the company has a clear strategy for its survival: closing its 101 remaining mall-based stores in favour of focusing on expanding its airport retail concept – which now numbers 35 stores – selling goods online and wholesaling. Brookstone has secured US$30 […]

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 […]

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 […]

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 […]

Retail Asia18/07/2016

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McDonald’s Corporation says it is struggling to attract the calibre of bidders it envisioned when it put its China and Hong Kong franchise up for tender. The restaurant group is offering a 20-year master franchisees for its markets in China, Hong Kong and South Korea. Bidding has gone into its second round and predictions are […]

Retail Asia25/06/2016

Beijing Tourism Group, ChemChina and Sanpower are among bidders for McDonald’s China restaurants and the 20-year master franchise covering China and Hong Kong. The deal is said to be worth about US$3 billion, and bids close on Monday. Restrictions on the franchise agreement have discouraged such buyers as private equity firms, but others have entered the […]

Retail Asia12/01/2016

US specialty retailer Brookstone has opened its first overseas store in one of the largest shopping centers in Nanjing, China. First-day sales far exceeded expectations for the new outlet, says CEO Tom Via. “We’re thrilled with how enthusiastically customers are embracing their first Brookstone China store experience.” Brookstone shops allow customers to try out products, […]

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 […]

Tag: Sanpower

Brookstone files for bankruptcy for the second time

Blow for House of Fraser as Chinese firm drops plan to invest

House of Fraser’s Chinese owners to sell stake in department store

House of Fraser China opens first store

Bidding disappoints McDonald’s Corporation

Bidding starts for McDonald’s China business

First Brookstone store China opens

House of Fraser China closer to debut