House of Fraser

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UK: House Of Fraser Narrows H1 Loss, Sees FY Growth | 19 Sep 03

Department store chain House of Fraser on Friday posted a narrower first half loss as the Financial Services Authority ordered its results to be released a weak early after being leaked to a news agency.

UK: Allders, House Of Fraser Held Takeover Talks - Report | 10 Sep 03

Department store chain House of Fraser was on Tuesday reported to have held unsuccessful takeover talks with rival Allders.

UK: House Of Fraser Says H1 Trading Satisfactory | 17 Jun 03

Leading UK department store group House of Fraser on Tuesday said it was trading well despite tough trading conditions this year and expected a "satisfactory" first-half performance.

UK: Selfridges Shares Surge On Bid Approach | 10 Apr 03

Shares in upscale department store group Selfridges soared on Thursday after it revealed it had received a takeover offer from a mystery bidder. The firm, best know for its famous Oxford Street store in the heart of London, saw its shares soar almost 20 per cent after it released a statement saying the offer was made at a "substantial premium" to yesterday's closing share price of 244.5p - valuing the company at £378 million.

UK: House Of Fraser FY Profit Climbs To £26.5m | 21 Mar 03

Department store group House of Fraser on Friday reported a 3.5 per cent year-on-year rise in underlying full year profits to £26.5 million.

UK: Hunter Gives Up Fight For Allders | 5 Feb 03

Property group Minerva on Tuesday appeared to have won the battle for troubled department store group Allders after Scottish retail entrepreneur Tom Hunter accepted an increased offer for his stake.

UK: Hunter Drops House Of Fraser Takeover Plans | 24 Jan 03

Scottish retail entrepreneur Tom Hunter on Friday dropped plans for a £197 million takeover of department store operator House of Fraser.

UK: Minerva To Keep Hold Of Allders Stake | 17 Jan 03

Property group Minerva on Friday said it will not sell its 26.2 per cent stake in troubled department store chain Allders which has accepted its £132 million takeover offer.

UK: House Of Fraser Rejects Hunter Talks | 9 Jan 03

Department store group House of Fraser on Thursday reported a 1.6 per cent climb in same-store sales for the 23 weeks to January 4 and said entrepreneur Tom Hunter would have to improve his takeover offer before any talks took place.

UK: Allders Stalker Hunter Buys More Shares, Reviews Options | 7 Jan 03

Scottish retail entrepreneur Tom Hunter on Monday snapped up another one million shares in department store group Allders - fuelling speculation he may bid for both it and rival House of Fraser. In a statement on Tuesday, Hunter's West Coast Capital investment vehicle said it is "reviewing its options in relation to Allders" and "may or may not make an offer" for the group.

UK: Tom Hunter Buys Bigger Stake In Allders | 3 Jan 03

Scottish retail entrepreneur Tom Hunter on Friday raised his stake in leading department store group Allders to nearly five per cent.

UK: Allders Accepts £132m Takeover Bid | 19 Dec 02

Troubled department store group Allders on Thursday said it asking shareholders to approve a £132 million takeover bid from property group Minerva and former Bhs and Debenhams chief Terry Green. Minerva holds a 26 per cent stake in the country's fourth largest department store chain and last month offered a 160p a share for the operator of 44 stores.

UK: Hunter Still Keen On House Of Fraser | 12 Dec 02

Scottish Retail entrepreneur Tom Hunter on Wednesday revealed his investment vehicle TBH Investments has held talks with House of Fraser over a fresh takeover bid for the leading department store group.

UK: House Of Fraser Rejects £200m Takeover Bid | 6 Dec 02

Leading UK department store group House of Fraser on Friday rejected a surprise £197 million offer from Scottish retail entrepreneur Tom Hunter. It said the 85p a share offer, which Hunter made through TBH Investments, was not enough and hit out at the timing of the bid which it said was aimed to "cause maximum disruption during the Christmas trading period".

UK: Baugur Stays Silent On News Of Allders Bid | 21 Nov 02

Shares in Allders Plc, Britain's fourth biggest department store group, soared almost 16 per cent today on news that the company has received a preliminary approach that could lead to a cash offer. Responding to earlier newspaper reports that bid was in the works, Allders issued a statement confirming that "discussions are at an early stage."

UK: Baugur Boosts House Of Fraser Stake | 19 Nov 02

Icelandic retail giant Baugur has increased its stake in UK department store group House of Fraser to more than seven per cent. House of Fraser said in a statement yesterday that Baugur had increased its stake to 7.4 per cent.

UK: House Of Fraser Upbeat Despite H1 Loss | 24 Sep 02

Britain's third-largest department store chain House of Fraser on Tuesday reported a steep climb in first half losses but said it is confident of a successful full year due to the completion of its massive store refurbishment programme. The group, which owns banners including Rackhams, Army & Navy and Dickens & Jones, posted a pre-tax loss of £2.7 million compared to a loss of £1.5m in the year-ago period but remained upbeat.

UK: House Of Fraser To Open Belfast Store | 10 Sep 02

Britain’s third largest department store chain, House of Fraser, on Tuesday announced plans to open a new store in Belfast. The firm said the new store will create up to 500 jobs when it opens in 2006. Work on the new development is expected to get underway early next year.

UK: Suit Maker Berwin & Berwin To Close Last UK Factories | 23 Aug 02

Berwin & Berwin is to close its last two remaining factories in the United Kingdom. The company, which makes 700,000 suits a year for high street names like Next, Moss Bros, John Lewis and House of Fraser, says its suit factory at South Kirkby near Pontefract and trouser factory at Adwick-le-Street, near Doncaster will close in November. The two factories employ a total of 350 people.

UK: House Of Fraser To Sell Three Stores | 28 Jun 02

UK retail giant House Of Fraser announced on Friday it had agreed to sell three of its stores in Scotland for £10.7 million in cash. It added a further £1m will be held on retention which means the sale of its outlets in Dundee, Perth and Aberdeen result in a net loss on disposal of £5.5m. Completion is expected to take place in January.

UK: House Of Fraser Expects Solid 2002 | 20 Jun 02

Britain's third largest department store chain, House of Fraser, on Thursday said it was expecting solid growth this fiscal year with like-for-like sales in the first 20 weeks up four per cent on the year-ago period. Chief executive, John Coleman, commented: "This performance represents continued delivery of our strategy. The period we are reporting is up against the strongest part of last year. We continue to deliver a successful branded proposition to the market.

Textile action plan paints upbeat picture | 28 May 02

An action plan designed to arrest the decline of the UK’s textile and clothing industry and encourage the growth of new business has been drawn up following a regional survey by consultant KPMG. One of the proposed measures is an incubation unit to nurture fledgling new businesses - particularly design based activities. Clive Hinchliffe finds many companies are surprisingly upbeat about their future prospects.

Opportunity Knocks at ASBCI Conference | 22 May 02

Be slick, be flexible, and be well-informed; adhere to ethical and environmental codes of conduct; capitalise on your design skills; use fibres and fabrics to innovate; and take a close look at your supply chain. This was the advice from speakers at the annual ASBCI Conference, which this year aimed to show how the UK clothing industry can survive against a difficult backdrop.

UK: Charnos, Coca-Cola, Next Speak Up At ASBCI Conference | 10 Apr 02

The Association of Suppliers to the British Clothing Industry (ASBCI) has announced the final line-up for its 9th annual conference and dinner on 14 May at the Hanover International Hotel in Hinckley, Leicestershire. Speakers from Charnos, Coca-Cola, and Next Plc will be amongst those discussing retailing, body imaging, garment manufacturing and re-processing, laundry and dry cleaning, textiles and laboratory testing.

UK: House Of Fraser Fashion Sales Jump 14.2 Per Cent | 26 Mar 02

Leading UK department store group House of Fraser today posted a 44 per cent climb in annual profits and said its figures were boosted by a surge in demand for its fashion sales amid a huge refurbishment programme.. The group revealed its pre-tax profit before exceptionals rose £25.6 million from £17.8m in the year-ago period, while turnover climbed almost 13 per cent to £956.7m and fashion sales 14.2 per cent.

UK: Government Gives £1m To Apparel In Skills Initiative | 21 Mar 02

Government support of up to £1 million for skills and workforce development in the textile, clothing, leather and footwear sectors was promised today.

UK: House Of Fraser Posts Sales Jump | 10 Jan 02

British department store chain House of Fraser revealed an anticipated 7.2 per cent rise in Christmas sales on Thursday and said it was optimistic consumers would continue splashing the cash during 2002. The high street retailer said total sales were up 9.6 per cent during the seven week Christmas trading period when compared to the previous year and that gross profit margins kept growing, driven by reduced discounting levels.

Supply chain secrets shared | 26 Oct 01

Low offshore labour rates, top Spanish fashion retailer Zara's successful supply chain, and a new Australian wool initiative were among the many hot topics discussed at the UK's recent Clothing and Textile Industry Forum annual conference 2001.

UK: Stores Say G'Day To Australia Supermodel's Lingerie Range | 5 Oct 01

Elle Macpherson Intimates, the top-selling Australian lingerie brand owned by supermodel Elle Macpherson, has gone on sale in Selfridges and House of Fraser stores in Britain. Intimates, which was launched in 1990 by Bendon, is a top selling brand in both Australia and New Zealand. The company say that advance interest in the model has been strong in the UK.

M&S sizes up male customers | 27 Jul 01

Marks & Spencer, Britain's biggest men's clothing retailer, has just completed the largest ever men's size survey. The company hopes to use the results to win back disgruntled customers, and clothing ranges are now being redesigned to take account of men's changing figures. But what effect will the new men's sizing policy have on the bottom line? After all, a similar initiative failed to halt the decline in sales of women's wear. And how does it complement the government-backed Size UK initiative? John Arlidge finds out.








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