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House Of Fraser
House of Fraser (rebranding to Frasers) is a British department store chain with 23 locations across the United Kingdom and 2 in Ireland, 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 in 1936 began a period of growth through acquisition which would continue for over forty years. House of Fraser Ltd was incorporated in 1941 and first listed on the London Stock Exchange six years later. After the Second World War a large number of acquisitions transformed the company into a national chain. Purchases included Scottish Drapery Corporation (1952), Binns (department store), Binns (1953), Barkers of Kensington (1957) and the Harrods group (1959). Later acquisitions included J J Allen (1969), Dingles (department store), Dingles (1971), Howells (department store), Howells of Cardiff (1972) and Army & Navy Stores (United Kingdom), Army & Navy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
J J Allen
J J Allen was a small retail group that formed in 1860 in Bournemouth, Dorset, England. The business was incorporated in 1899 by Mr J J Allen as a furniture shop, removal company and funeral directors (which still exist as an independent company). The business expanded to a small chain of department stores, as well the Chanelle and Mayron chain of fashion shops. The expansion included department stores Brights of Bristol & Bournemouth 1960, Brights & Colson of Exeter 1960, Cavendish House (Cheltenham) and Morgan Squire Leicester 1962. In 1961 JJ Allen bought the Cardiff department store James Howell & Co, but sold it for a substantial profit in 1962 to the Hodge group, managed by Dr Julian Hodge, a Welsh merchant banker. In 1969 House of Fraser purchased JJ Allen for £5.3 million. In 1971, House of Fraser purchased another department store group, Dingles group, and JJ Allen's west country stores were transferred to the Dingles division with the rest being transferred to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company Voluntary Arrangement
Under UK insolvency law an insolvent company can enter into a company voluntary arrangement (CVA). The CVA is a form of composition, similar to the personal IVA (individual voluntary arrangement), where an insolvency procedure allows a company with debt problems or that is insolvent to reach a voluntary agreement with its business creditors regarding repayment of all, or part of its corporate debts over an agreed period of time. The application for a CVA can be made by the agreement of all directors of the company, the legal administrators of the company, or the appointed company liquidator. Implementation A company voluntary arrangement can only be implemented by an insolvency practitioner (IP), who will draft a proposal for the creditors. A meeting of creditors is held to see if the CVA is accepted. As long as 75% (by debt value) of the creditors who vote agree, then the CVA is accepted. All the company creditors are then bound to the terms of the proposal whether or n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Landsbanki
Landsbanki (, ), also commonly known as Landsbankinn (, ) was one of the largest Icelandic commercial banks; it failed as part of the 2008–2011 Icelandic financial crisis when its subsidiary sparked the Icesave dispute. On October 7, 2008, the Icelandic Financial Supervisory Authority took control of Landsbanki and created a new bank for all the domestic operations called Nýi Landsbanki (New Landsbanki) and the bank continued to operate under the same name.The Financial Supervisory Authority - Iceland, ''News: Based on New Legislation, the Icelandic Financial Supervisory Authority (IFSA) Proceeds to take Control of L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beatties
Beatties was a small British department store group located primarily in the Midlands of England. In 2005, when it had 12 stores, the group was acquired by House of Fraser. On 14 January 2006, the Birmingham store closed, because a similar House of Fraser store, Rackhams, was not far away. In August 2007, the Telford store was rebranded, along with the Solihull and Sutton Coldfield stores.New store loses Beatties name : Express & Star: The group gradually rebranded all its branches under the House of Fraser name. In January 2010 the branch was closed. On 7 June 2018, it was announced that the last bra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jenners
Jenners was a department store in Edinburgh, Scotland, situated on Princes Street. It was Scotland's oldest independent department store until the retail business was acquired by House of Fraser in 2005. It closed in December 2020 and was vacated by House of Fraser in May 2021. The building is currently undergoing restoration to be repurposed as a hotel. History Jenners was founded as "Kennington & Jenner" in 1838 by Charles Jenner FRSE (1810–1893), a linen draper, and Charles Kennington. The store has never left its site on Princes Street, but its original building was destroyed by fire in 1892. In 1893 the Scottish architect William Hamilton Beattie was appointed to design a replacement, which subsequently opened in 1895. It is now a category A listed building. Jenners was run for many years by the Douglas Miller family, descendants of James Kennedy, who took charge of the store after Charles Jenner retired in 1881. Known as the "Harrods of the North", it has held a Roy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
D H Evans
D H Evans was a department store located in Oxford Street, London, England, which later became part of House of Fraser. The store was rebranded as House of Fraser in 2001. History D H Evans was opened in 1879 by Dan Harries Evans at 320 Oxford Street. Evans was a Welshman who had trained as draper and had moved to London in 1878. This store quickly grew and by 1885 he had taken on three of the adjoining stores. In 1893, the store moved into further new premises at 290-294 Oxford Street and became a limited liability company. The new company was listed as having capital of £202,000. The store was grown again with the purchase of 296-306 Oxford Street in 1895 and 308 in 1898. In 1897, Dan Evans resigned as Managing Director but stayed on the board, and was replaced by Harrods manager Ernest Webb on the advice of Harrods and D H Evans director Richard Burbridge. The business continued to expand by purchasing the business of neighbors James Goodman and Arthur Saunders, and in 1906 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Land Company
The British Land Company Public Limited Company is one of the largest real estate development, property development and investment companies in the United Kingdom. The firm became a real estate investment trust when REITs were introduced in the UK in January 2007. It is headquartered in London, England and is a founding member of the European Public Real Estate Association. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History The British Land Company was founded in 1856 as an offshoot of the National Freehold Land Society (later Abbey National) formed in 1849 with the two chief architects of the freehold land movement Richard Cobden and John Bright. Both were ardent supporters of a movement to extend enfranchisement. To qualify for a parliamentary vote it was then necessary to be a landowner and the main object of the National Freehold was to facilitate the acquisition of small plots of land by the people. To do this the British Land Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FTSE Group
FTSE International Limited trading as FTSE Russell ( "Footsie") is a British provider of stock market index, stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating from premises in Canary Wharf. It operates the well known UK FTSE 100 Index as well as a number of other indices. FTSE stands for Financial Times Stock Exchange. History The FTSE Group was created in 1995 by Pearson plc, Pearson (former parent of the ''Financial Times'') and the London Stock Exchange Group. In 2005, together with Dow Jones, FTSE launched the Industry Classification Benchmark, a taxonomy used to segregate markets into sectors. In 2010, the joint venture with Xinhua Holdings, Xinhua Finance was terminated, the index series was renamed into FTSE China Index Series; the Hong Kong incorporated company was renamed to "FTSE China Index Limited". In 2011, Pearson sold its stake to LSE. Main business FTSE Group operates 250,000 indices calculated acro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tiny Rowland
Roland Walter "Tiny" Rowland (; 27 November 1917 – 25 July 1998) was a British businessman, corporate raider and the chief executive of the Lonrho conglomerate from 1962 to 1993. He gained fame from a number of high-profile takeover bids, in particular his attempt to take control of Harrods. He was known for his complex business interests in Africa and his closeness to a number of African leaders. Early life He was born Roland Walter Fuhrhop on 27 November 1917 during World War I in a British internment camp for aliens outside Calcutta, India. His mother was Anglo-Dutch and his father, Wilhelm Fuhrhop, was a German export-import trader in Calcutta. Having been born in British India, he was automatically a British subject, by the principle of ''jus soli''. However, his parents remained " enemy aliens" for the duration of the First World War, and after the war, the Fuhrhops were refused entry into the United Kingdom. They settled in Hamburg, Germany. He was said to have been ni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Fayed
Mohamed Abdel Moneim Al-Fayed (; 27 January 192930 August 2023) was an Egyptian businessman whose residence and primary business interests were in the United Kingdom from the mid-1960s. His business interests included ownership of the Hôtel Ritz Paris, Harrods department store and Fulham Football Club. At the time of his death in 2023, ''Forbes'' estimated his wealth at US$2 billion. Since his death, Al-Fayed has been accused by multiple women of sexual harassment and assault. Fayed was married to Samira Khashoggi from 1954 to 1956. They had a son, Dodi, who was in a romantic relationship with Diana, Princess of Wales, when they both died in a car crash in Paris in 1997. Fayed falsely claimed that the crash was orchestrated by MI6 on the instructions of Prince Philip, Duke of Edinburgh. In 2011, Fayed financially supported an unreleased documentary film '' Unlawful Killing'', that presented his version of events. From 1995 onwards, Fayed was the subject of media scr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
