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.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.