C.banner exits HoF rescue deal

By Helen Crane2018-08-01T15:44:00

Hamleys owner C. banner has pulled out of plans to buy a controlling stake in House of Fraser.

The Chinese footwear giant said in May that it would acquire a 51% stake in the chain from current owner Nanjing Cenbest once its Company Voluntary Arrangement process had completed, as well as giving it a £70m cash injection.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

Access up to four FREE articles per month
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue