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Re: House of Fraser in trouble...
Quote:
Quote from Sky news:
The Chinese-owner of Hamleys toy store will not be investing in House of Fraser (HoF), leaving the department store chain scrambling for cash to survive.
HoF, which is currently owned by China's Sanpower Group, had been waiting on a £70m investment from C.banner, which would have given it a 51% stake in the ailing department store.
"In light of C.banner's announcement, House of Fraser is in discussions with alternative investors and is exploring options to obtain the required investment," HoF said in a statement.
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Who would want to invest in department stores these days?
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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