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1948: House of Fraser Plc goes public; the company by then has 15 stores. 1953: House of Fraser acquires Binns. 1959: House of Fraser acquires Harrods department store group, which includes Rackhams, DH Evans, and Dickins & Jones, as well as the famed Harrods store in London.
During the 1970s, the House of Fraser Group acquired more companies including T. Baird & Sons Ltd of Scotland, Switzer & Co. Ltd of Dublin, Ireland, and E. Dingle & Co. Ltd, Chiesmans Ltd, Hide & Co and the Army & Navy Stores in southern England, as well as a number of independent stores, totaling over fifty stores during the decade.
Aug 20, 2013 · 1970s – Throughout the decade the House of Fraser group continued to buy out more than 50 more companies, including T. Baird & Sons Ltd of Scotland, Switzer & Co. Ltd, Dublin, Ireland and E. Dingle & Co. Ltd, Chiesmans Ltd, Hide & Co and the Army & Navy Stores.
Binns (Grimsby) Ltd (1970-1974) Binns Ltd (1934-) Bradley's Drapery Stores Ltd (1928-1975) Brights (fl1960-1979) Brights & Colsons Ltd (1925-1969) Brown Muff & Co Ltd (1905-1977) Brown Smith & Co Ltd (1933-1988) Burgis & Colbourne Ltd (1897-1982) Carlton's Ltd (1918-1968) Carswell (The Modern Man's Shop) Ltd (1940-1968) Cavendish House Co Ltd ...
- The Early Years
- Fraser & Sons
- Growth and Expansion
- 1950's Until 1970's
- 1980's
- Late 1980's and 1990's
The company was founded in 1849, when partners Hugh Fraser and James Arthur opened a small drapery shop on the corner of Argyle Street and Buchanan Street in Glasgow. The business premises required extensive alteration to create a new access point from Buchanan Street.Hugh Fraser was born in 1815, the son of a Dunbartonshire farmer. He was apprenti...
Hugh Fraser (the first) died in 1873 and under the terms of his will each of his five sons was given the chance to purchase a share in the business for the sum of £8,000. The three eldest sons, James, John and Hugh, eventually did so, although all were minors when their father died, so the trustees watched after their interests until they came of a...
Hugh Fraser II was an excellent businessman and he consolidated the company's position. His son, Hugh Fraser III, who took over the company after the death of his father in 1927, wanted to build on the strong base his father had left and undertake ambitious expansion for the company. Hugh Fraser III was born in 1903 and initially started to train a...
When the company, now named House of Fraser, went public in 1948, it already comprised sixteen different Scottish branches. It was not until 1951, when the company purchased McDonalds Ltd, ironically where Hugh Fraser I had completed his apprenticeship, that they had an outlet in England. Although McDonalds Ltd was a Scottish company it also had a ...
The early 1980's were difficult years with an economic recession and fierce competition in the high street, compounded by the LONRHO Group's attempt to intervene in the running of the company's affairs. In 1981 Professor Roland Smith replaced Sir Hugh Fraser as chairman. A takeover bid by LONRHO was referred to the Monopolies and Mergers Commission...
In March 1985, House of Fraser was purchased by the Al Fayed family in a £615 million deal. The Al Fayeds owned important international shipping, oil, banking and property businesses and supported the continuing expansion of the company and the introduction of a new corporate identity. In 1985, the stag's head logo of the company was replaced by a ...
May 25, 2017 · 1950s to 1970s. Under the control of Fraser’s sons, the business began to reach across Scotland, through North East England and into Carlisle. In 1951, the company bought McDonalds Ltd and in 1957, the House of Fraser also controlled Harrods.
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Between 1936 and 1985 over seventy companies, not including their subsidiaries, were acquired. [1] In 1948, the company was first listed on the London Stock Exchange, and eventually was included in the FTSE Index before the company was acquired by a consortium of investors including Baugur and Don McCarthy in 2006. On 2 September 2014, Don ...
