Fashion
Sports Direct acquires 11 percent stake in HoF prior to deal with Sanpower
Sanpower Group, the Chinese conglomerate controlled by multi-millionaire Yuan Yafei, has reportedly signed a deal to take over House of Fraser, which values the British department store group at over 450 million pounds. The agreement entails Sanpower obtaining an 89 percent stake in House of Fraser (HoF), with an terms of the deal and a formal...
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