The House of Fraser has been around for over a century, having been founded in Glasgow. Now, it has become one of the leading department stores in the UK and is part of the Ashley group. It is also known as a perfume and cosmetics house. This article explores the company’s history. Learn about its founder, Ashley Fraser, and the people who run it today. You will learn about its store in Rushden, Northamptonshire, and other places where it is now located.
House of Fraser was founded in Glasgow
The House of Fraser began as a drapery shop in 1849 in Glasgow, Scotland. Hugh Fraser, a farmer’s son, and his business partner, James Arthur, opened the store on Buchanan Street. Although the original shop did not have a wide range of items, it eventually became a large chain of department stores known as House of Fraser. The company eventually acquired other businesses and expanded to a number of other cities across the United Kingdom.
It is a department store
The history of the House of Fraser department store can be traced back to 1849, when it started as a drapery shop in Glasgow. The brothers, James Arthur and Hugh Fraser, were farmers, and together they grew the business into a thriving department store. Today, the company employs nearly 20,000 people and makes more than PS1 billion in sales. In 2017, it recorded pre-tax profits of PS3.4 million.
It is owned by Ashley
Mike Ashley, a British billionaire, has bought the department store House of Fraser, making it the biggest sports goods retailer in the world. With roughly 670 stores in the UK and Ireland, the company operates with low margins. Since taking over the business in October 2013, Ashley has held a majority stake in the company. House of Fraser is listed on the London Stock Exchange and is a constituent of the FTSE 250 index. He has promised to turn House of Fraser into a “Harrods of the high street”.
It is a house of perfume and cosmetics
The house of Fraser is a department store in the UK. It offers a wide range of perfume and cosmetics brands, and its MUAs know what they are doing! I was lucky enough to attend an event hosted by Jake and Flo, and I learned a lot about the world of fragrance. I’d highly recommend a visit to this store! Read on for more details on the fab event!
It has a flagship store in London
Department store House of Fraser has a flagship store in Oxford Street, London, which is set to close in January. The building, which was purpose-built in 2001, is due to be converted into an office block and will also have a rooftop restaurant. This decision will result in the loss of dozens of prime retail units in the area. Earlier this year, the Fraser Group, which is a part of the BentallGreenOak group, warned that the store would have to close as part of a development project.
It has a flagship store in Hull
The closure of the House of Fraser flagship store in Hull comes just days before the department store’s 200th anniversary. Founded by Scottish draper’s Hugh Fraser and James Arthur in 1849, the department store has now been owned by Chinese companies Sanpower and the Baugur Group. With a portfolio of 59 UK retail sites, the company recently announced plans to open 30 stores in China as part of its three-year expansion plan.
It has a flagship store in Grimsby
It is not known exactly how many jobs will be affected by the closing of House of Fraser’s flagship store in Grimsby. The company will ask for rent reductions in 10 outlets and move its head office from Scotland to England. The closure of 31 stores will result in the loss of up to 6,000 jobs. The company employs around 6,000 people, including concession staff, and is in need of outside funding in order to keep going.