| House of Fraser has held talks with Qatari investors about a potential takeover of the UK department store chain, in further indication that the retailer is amenable to a sale. Qatari investors have a record of buying prestigious department stores in Britain, such as the 2010 acquisition of Harrods by Qatar Holding, the direct investment arm of the Qatar Investment Authority.
Qatar Holding, which owns about a quarter of the J Sainsbury supermarket chain, is not believed to be involved in any talks over House of Fraser, those familiar with the situation say...............................................Full Article: Source |