Sunday 1 November 2015

Buying Britain

There weren't too many deal scoops in the Sunday newspapers this weekend. But that's the way it goes in UK M&A journalism; sometimes reporters get a flurry of mega exclusives and then things dry up for a while.

Still, there was one piece that caught my eye: Oliver Shah's interview with Yuan Yafei, the new (ish) proprietor of House of Fraser. That's because it's not often a Chinese business heavyweight goes on the record with a UK newspaper - and he comes across as a somewhat colourful, hard-working but eccentric character in the well-written piece. Here is a link to Oliver's article:

Intriguingly, the cigar smoking Yuan drops a rather large hint at the end of the interview about having an interest in buying some more British "household names". I wonder which ones they could be?

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