Hundreds of jobs a risk after Chinese firm C.banner agrees to buy 51% stake in retailer
House of Fraser is to close stores, potentially putting hundreds of jobs at risk, as part of a formal restructuring deal under which the Chinese owner of Hamleys will take control of the ailing department store chain.
C.banner is buying a 51% stake in House of Fraser from its current owner Nanjing Cenbest, which will retain a minority stake.
Related: House of Fraser to push luxury Chinese products in the UK
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