By Helen Crane2018-08-01T15:44:00
Source: Shutterstock/Angelina Dimitrova
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.
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