www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Nanjing group eyes House of Fraser

By Wang Zhuoqiong (China Daily) Updated: 2014-04-01 13:58

Nanjing group eyes House of Fraser

Sanpower Group Co Ltd, a Nanjing-based conglomerate, is in talks to buy high-end British department store House of Fraser Plc for more than 450 million pounds ($749.3 million), media reports said. [Photo / dfic.cn]

Sanpower Group Co Ltd, a Nanjing-based conglomerate, is in talks to buy high-end British department store House of Fraser Plc for more than 450 million pounds ($749.3 million), media reports said.

Zou Yan, a spokesman for Sanpower, declined to provide details. "It is hard to reveal any information when some projects are in development," said Zou.

The approach by the Sanpower Group could derail a flotation of the department store group, which had been planned for this year, the Financial Times reported.

House of Fraser declined to comment on that report.

Sanpower has been in talks with House of Fraser for several months, the Sunday Times reported, even as work continued on an initial public offering in London.

The retailer, which has 60 stores in the United Kingdom, has held talks with other prospective buyers in the past, including Galeries Lafayette, the French department store, and Mike Ashley, the sportswear billionaire who heads Sports Direct International Plc.

The group operates all stores under lease agreements.

House of Fraser's report for the 12 months ended on Jan 26, 2013, said despite an improvement in sales, the company had net debt of 157.2 million pounds, compared with 163.4 million pounds in 2012.

"We expect to report further growth in full year earnings," said John King, CEO of House of Fraser.

"Given our sales performance, we also expect to finish this year with a cleaner stock position and lower net debt. We are well-placed to deliver further growth in 2014," he added.

The deal is believed to have the blessing of Don McCarthy, House of Fraser's chairman, who controls one-fifth of the group, and it has been put to other investors.

In 2012, Sanpower said it had assets of more than 50 billion yuan ($8 billion) and generated an annual turnover of more than 56 billion yuan. Sanpower, with businesses including finance, retail and information services, has more than 100 subsidiaries.

Among them is electronics retailer Hisap High Technology Corp. Another is Nanjing Xinjiekou Department Store, one of the nation's top 10 such stores.

Any acquisition of House of Fraser is expected to be made through one of the many entities controlled by Sanpower, according to the Financial Times.

House of Fraser is owned by a number of groups, and entrepreneurs Tom Hunter and Kevin Stanford each have stakes.

Zhang Chunyan contributed to this story.

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 欧美大片无尺码在线观看 | 欧美精品在线免费观看 | 日韩一级大毛片欧美一级 | 国产爽的冒白浆的视频高清 | 久久久国产免费影院 | 国产孕妇孕交视频在线观看 | 欧美精品成人久久网站 | 日本韩国一区二区三区 | 亚洲成a v人片在线观看 | 日本一区不卡视频 | 精品国产综合区久久久久99 | 日韩一级片 韩国 | 亚洲欧美一区二区三区在线 | 亚洲日本欧美产综合在线 | 免费看又黄又爽又猛的网站 | 亚洲黄网址 | 日韩a一级欧美一级在线播放 | www.夜色.com | 成人在线黄色 | 成人看的午夜免费毛片 | 一本色道久久88亚洲精品综合 | 在线はじめてのおるすばん | 中文字幕在线看 | 99久久国产免费 - 99久久国产免费 | 综合久久久 | 日韩欧美综合 | 毛片手机在线 | 久久无码精品一区二区三区 | 亚洲精品一区最新 | 亚洲爆爽 | 亚洲天堂色视频 | 三级手机在线观看 | 亚洲gogo人体大胆西西安徽 | 午夜看片a福利在线 | 亚洲综合99 | aa级毛片 | 国产欧美日韩在线观看一区二区三区 | 国产高清一国产免费软件 | 免费鲁丝片一级观看 | 成人欧美网站 | 国产1级片 |