Chinese backer of House of Fraser to sell majority stake in department store chain

Chinese backer of House of Fraser to sell majority stake in department store chain

A shopper passes a House of Fraser Ltd. department store window in London, U.K. Photographer: Luke MacGregor/Bloomberg

The Chinese owner of House of Fraser plans to sell its majority stake in the troubled British department-store chain, adding to the upheaval on the U.K.’s shopping streets.

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