HoF boss: Retailer `starved of investment for many years` as profits drop
(World News UK)

House of Fraser`s new chief executive has claimed the department stores has been `starved of investment for many years` as it reports a first half drop in profit and sales. Gross total value at the department store firm, which has been owned by Chinese conglomerate Sanpower since 2014, fell 5.2 per cent to £545.8m in the 26 weeks to 29 July, dampened by `web disruption and the clear out...