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House Of Fraser Up For Sale?

Galeries Lafayette is rumoured to be in the “advanced stage” of talks to buy department store House of Fraser. Find out more.

Galeries Lafayette is rumoured to be in the “advanced stage” of talks to buy department store House of Fraser. The family-controlled French retailer is said to have until the end of January to decide, after which the British company many conduct a “dual-track” process.

Chairman of House of Fraser, Don McCarthy, is anticipating to achieve at least £450 million from a sale, while stock exchange analysts have valued the business closer to the £350 million mark.

Earlier this month it was reported that Galeries Lafayette was keeping an eye on Parisian rival Printemps. Watch this space.

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