House of Fraser

This upmarket department-store chain, founded in 1849 as a drapery shop in Glasgow, grew to become one of Britain’s largest retailers. It was taken private in 2006, with Iceland’s Landsbanki holding a 35% stake since February 2009. The business reported doing a record amount of trade last Christmas and is now focused on growing its online and own-brand business. Sales across the 61 stores, including net revenue from concessions, were an annualised £637m in the year to January 2010. House of Fraser is led by chairman Don McCarthy and chief executive John King.

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Company details
CompanyHouse of Fraser
ActivityDepartment store operator
LocationCentral London
Sales £m* †637
Profit £m* †64
Year endJan 10
Principal shareholdersBaugur, Don McCarthy, Glitnir, West Coast Capital, Lloyds Banking Group

If applicable:

* Supplied by company † Annualised figure