Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

House of Fraser in line for £30m cash injection

Department store House of Fraser is said to be in line for a £30m cash injection in a bid to ease its strained finances.

Chinese owner Sanpower is expected to give House of Fraser another £15m, on top of the £15m it invested at the end of last month, according to The Sunday Times.

Sanpower is in advanced talks to sell a controlling stake in the department store chain to Chinese tourism development company Wuji Wenhua. Nanjing Xinjiekou, a subsidiary of the Sanpower Group, which owns 89% of HoF, is understood to be preparing to sell a 51% stake.

Readers' comments (1)

  • Still won't be enough. The group is paralysed by its own failings which no amount of money can cure. CVA seems the only hope, followed by a complete clear out.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.