UK: House of Fraser mulls return to stock market?
UK department store retailer House of Fraser is reportedly considering a return to the stock market after seven years under private ownership.
The idea is being considered alongside other options, including a trade sale or partial stake sale to help simplify its ownership structure, according to a report in the Financial Times.
No decision has been made by the company yet, which was acquired by the Highland Consortium in November 2006, alongside entrepreneurs Don McCarthy and Sir Tom Hunter. McCarthy is working on the plans to take the company public, the report added.
House of Fraser declined to comment when contacted by just-style today (19 August).
The retailer, which operates 61 stores across the UK and Ireland, in May reported a 4.3% rise in full-year profit, boosted by record like-for-like sales growth.
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