C.Banner news and archive

House of Fraser on the lookout for eleventh hour salvation after C.Banner walks away

British fashion retailer House of Fraser has seen its future compromised after Chinese investment firm C.Banner walked away from a rescue deal that included acquiring a majority stake in the apparel chain as well as a 70 million pounds cash injection. C.Banner was thought to have planned to take control of the struggling department store chain...

Business

House of Fraser losses revealed ahead of Chinese takeover

House of Fraser (HoF) witnessed a loss of 43.9 million pounds (59.6 million dollars) for the 12 months to December 31, 2017 against a profit of 1.5 million pounds (2.04 million dollars) a year before, according to a statement released as part of a takeover of the firm by C. Banner. It added that the departmental store chain saw its sales fall by...