Retailer’s parent group swings from £1.5m pretax profit the year before amid tough UK marketHouse of Fraser’s parent group swung to a near £44m loss last year ahead of a deal to sell a 51% stake to the Chinese owner of Hamleys for £140m.Documents filed at the Hong Kong stock exchange on Thursday by C.banner reveal that House of Fraser Group, which includes the department store’s two Chinese outlets, slumped from a £1.5m pretax profit in 2016 to a £43.9m loss last year. Continue reading…
Via: House of Fraser slides to £44m loss ahead of Chinese takeover
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