Fraser's Sedge
House of Fraser (also operating as Frasers) is a British department store group with 44 locations across the United Kingdom, which is now part of Frasers Group. It was established in Glasgow, Scotland in 1849 as Arthur and Fraser. By 1891, it was known as Fraser & Sons. The company grew steadily during the early 20th century, and after the Second World War a large number of acquisitions transformed the company into a national chain. From 1936, the company expanded substantially through acquisitions, including Scottish Drapery Corporation (1952), Binns (1953), Barkers of Kensington (1957), Dickins & Jones and the Harrods group (1959), and J J Allen and Colson's (1969). In 1948, the company was first listed on the London Stock Exchange. Later acquisitions included Howells (1972) and Army & Navy Stores (1973). The group was purchased by the Al Fayed family in 1985 for £615million, beating out Tiny Rowland for control. By 1993, the management of the group were making attempts to ...
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Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinct ...
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