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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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Business |UPDATE Featured

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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