Sports Direct founder Mike Ashley surprised the industry once more last night with an unexpected sale of shares worth more than £200 million of his sports business.
Multimillionaire and former Chinese government official Yuan Yafei is reportedly in talks with House of Fraser over a bid for the company that would value the retailer at more than £450 million.
House of Fraser on Monday unveiled a new partnership with The Great Retail Revival, as it launches a new competition to offer up-and-coming brands the opportunity to trade at its prestigious Oxford Street flagship store this summer.
Kinky Knickers, the underwear maker once elevated by retail expert Mary Portas, has been bought out of administration just one month after falling into trouble. Headen and Quarmby, the company behind the range, said that it intends to restart production as soon as possible.
Premium department store chain House of Fraser has launched a bevy of ‘shop in shop’ spaces for Scandinavian chain Norr, with new stores now in Manchester, Birmingham, Glasgow and Guildford as well as online.
House of Fraser on Tuesday revealed a relaunch for its award winning website, as it places mobile and touch devices at the centre of its new-look e-commerce hub.
Bikinis? In this weather? House of Fraser finds new ‘unseasonable shopping tribe’ have swimwear and flip flops trending in January
House of Fraser has reported that searches on its website for bikinis rose by 236 per cent in December last year, as a new tribe of unseasonable shoppers are already thinking about swim and beachwear.
House of Fraser is lining up a return to the stock market after negotiations with French counterpart, Galeries Lafayette, fell through, according to the Financial Times. According to industry sources last month, both companies were in talks regarding the sale of House of Fraser to the French company.
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