×
117
Fashion Jobs
L'OREAL GROUP
Area Sales Manager - Consumer Products Division, Mumbai
Permanent · Mumbai
NIKE
sr. HR Operations Specialist
Permanent · Bengaluru
L'OREAL GROUP
Senior Manager - Digital Marketing & D2C, Kerastase
Permanent · Mumbai
NIKE
Lead Product Management – ed&a, Icc, India
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
PUMA
Assistant Business Manager – Puma.Com
Permanent · Bengaluru
NIKE
Senior Software Engineer Iii – Retail Commerce Passplay, India - Consumer & Marketplace Icc
Permanent · Bengaluru
L'OREAL GROUP
Indirect Sourcing Manager
Permanent · Baddi
NIKE
Sap bi Lead Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
SAAHRA
Graphic Design Summer Internships
Internship · NEW DELHI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
Published
Apr 25, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hamleys owner C Banner pursues House of Fraser stake

Published
Apr 25, 2018

News is emerging that China’s C Banner International Holdings (CBIH) is in talks with the owner of House of Fraser to buy a stake in the struggling department store chain.


House of Fraser could end up in the same hands as the Hamleys toy chain



It is believed that Nanjing Xinjiekou, a subsidiary of HoF owner Sanpower, which wants to shed its 89% stake in the chain, signed a memorandum of understanding (MoU) on Tuesday in Hong Kong with the company that also controls the Hamleys toy store chain.

The MoU isn't actually a deal to buy HoF, but it does mean the two are have entered into talks regarding a sale, the Press Association reported. 

It's unclear how soon any agreement might be reached, but reports suggested that further information would be available later on Tuesday, although with talks being in their early stages, that information is likely to be little more than confirmation of the discussions.

It’s also unclear where this leaves Chinese tourism specialist Wuji Wenhua, which had been talking to Nanjing about buying a 51% stake in HoF. 

News that CBIH is interested in the chain may come as some slight relief to retail insiders in the UK with its controlling stake in Hamleys meaning much more is known about it than about Wuji Wenhua, which is a completely unknown entity in Britain.

HoF has been struggling in recent periods and there have been suggestions that it would enter a company voluntary arrangement (CVA). While this was dismissed as speculation by the firm, it did confirm that it had called in advisors from KPMG.

Its current owner has pumped £30 million into the business and recently reaffirmed its commitment to its turnaround, although the latest news shows that it is still looking for an exit.

CBIH is best known as a footwear specialist and it owns or has licenses for brands ranging from C Banner to Eblan, Sundance, Mio, Ash, JC Collezione, United Nude, Badgely Mischka, and Steve Madden. 

The company bought Hamleys in October 2015 and first expressed an interest in House of Fraser two years ago.

Copyright © 2021 FashionNetwork.com All rights reserved.