British Department Store House Of Fraser Dual Track Operation HSBC Preparations For 2014 Listing

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< p style= "text-align: left > > the old department store group of the United Kingdom" a href= "http://sjfzxm.com/news/index_s.asp" House of Fraser Limited "less than the distance from its withdrawal from the market in 2006, it is a step closer to the goal of re entering the London stock market.

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< p > according to news reports, House of Fraser Limited will appoint investment bank a href= "http://sjfzxm.com/news/index_s.asp" > HSBC Holdings PLC "HSBC" (")" HSBC "and" Fraser "as a listed consultant, ready to complete the listing in 2014, so as to raise funds of $.

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< p > House of Fraser Limited is currently conducting a dual track operation. In preparation for the listing, it will negotiate with the French chain corporation group Galeries Lafayette < a href= "http://sjfzxm.com/news/index_s.asp" > "Lafayette department store" /a "sale". The internal rate of interest revealed that the chairman of the board of directors of the board of directors of the company will offer at least 450 million pounds. If the two sides can not conclude a deal before the end of this month, the company will concentrate on the listing target set out last year.

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< p > House of Fraser Limited, which has 61 stores in the United Kingdom and Ireland, is pleased to announce its success in the past "a href=" http://sjfzxm.com/news/index_s.asp "Christmas" /a "sales season.

In the first three weeks to December 28, 2013, House of Fraser Limited increased by 7.3% compared with the same period in 2012, online sales jumped 57.7%, and sales of physical stores increased 3% over the same period.

John King, chief executive of House of Fraser Limited, denied that the group had touted sales data in an effort to drum up investors' enthusiasm for its IPO or sale.

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< p > House of Fraser Limited over the past two years, the sale of a href= "http://sjfzxm.com/news/index_s.asp" > equity > /a > has been dealt with, and Sports, Direct, /a, boss and company, British department store retailer and the Qatar sovereign investment fund have been negotiated.

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< p > the House of Fraser Limited, which has 164 years of history, was privatized by the Highland Group Holdings Limited, which was led by Baugur Group of Iceland investment company in 2006, and was delisted from the London Stock Exchange by privatization of 350 million.

Baugur Group filed for bankruptcy in 2009. The House of Fraser Limited ownership of the group then went to one of its creditors, Landsbanki Iceland National Bank, which also went bankrupt in the European financial crisis in 2008. The shareholding structure of House of Fraser Limited is also complicated.

At present, Highland Group Holdings Limited has 49% stake in House of Fraser Limited, the Group Chairman Don McCarthy accounts for 20%, the retail entrepreneur Tom and Limited respectively hold 11% and 9% respectively, and 5% of the 5%, while the remaining 6% are held by management.

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< p > > a href= "http://sjfzxm.com/news/index_s.asp" > House of Fraser Limited < /a > in the year ended January 26, 2013, the income was 1 billion 200 million pounds, the loss before tax and special items was 6 million 900 thousand pounds, and net liabilities were 157 million 200 thousand pounds.

Re listing will help the a href= "http://sjfzxm.com/news/index_s.asp" > Department Store Group < /a > reduce debt burden, simplify shareholder structure and deepen development and expansion.

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