House of Fraser seeks a lifeline after Chinese retailer pulls its plan
Bloomberg News
House of Fraser seeks a lifeline after Chinese retailer pulls its plan
(Bloomberg)—House of Fraser Ltd., No. 62 in the Internet Retailer 2018 Europe 500, needs a new lifeline after a Chinese retailer pulled its plan to buy a majority stake, leaving the U.K. department-store chain on the brink of collapse and threatening about 17,000 jobs. Would-be rescuer C.banner International Holdings Ltd. shelved plans to raise funds for […]