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Quirky gadget retailer Brookstone has filed for Chapter 11 bankruptcy protection – again. But the company has a clear strategy for its survival: closing its 101 remaining mall-based stores in favour of focusing on expanding its airport retail concept – which…
C.banner International has dropped its House of Fraser rescue plan, dealing what some observers in the UK are describing as a potentially fatal blow. Hong Kong-listed C.banner, which is the parent of toy retailer Hamleys, had undertaken to invest £150 million…
The Chinese firm which has a majority ownership in House of Fraser has confirmed plans to offload most of its stake. A Chinese stock-exchange filing indicates that Nanjing Xinjiekou Department Store (or Nanjing Cenbest) is poised to sell off most of its…
British department store chain House of Fraser has opened its first standalone store in China, in Sanpower Plaza in Nanjing, the capital of Jiangsu province. Owned by Chinese conglomerate Sanpower Group, the House of Fraser China store spans six floors with…
McDonald’s Corporation says it is struggling to attract the calibre of bidders it envisioned when it put its China and Hong Kong franchise up for tender. The restaurant group is offering a 20-year master franchisees for its markets in China, Hong Kong and…
Beijing Tourism Group, ChemChina and Sanpower are among bidders for McDonald’s China restaurants and the 20-year master franchise covering China and Hong Kong. The deal is said to be worth about US$3 billion, and bids close on Monday. Restrictions on the…
US specialty retailer Brookstone has opened its first overseas store in one of the largest shopping centers in Nanjing, China. First-day sales far exceeded expectations for the new outlet, says CEO Tom Via. “We’re thrilled with how enthusiastically customers…
UK department store retailer House of Fraser has confirmed it will open three stores in China. The first will be in Nanjing, the home of House of Fraser’s Chinese owners Sanpower after its £489 million buyout of 89 per cent last September. The second store…
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