Sanpower Archives - Inside Retail Asia
Quirky gadget retailer Brookstone has filed for Chapter 11 bankruptcy protection – for the second time.
C.banner International has dropped its House of Fraser rescue plan, dealing a potentially fatal blow.
House of Fraser will start selling premium Chinese brands new to the UK, thanks to a new supply program from owner Sanpower Group.
The Chinese firm which has a majority ownership in House of Fraser has confirmed plans to offload most of its stake.
House of Fraser China has opened its first standalone store, in Sanpower Plaza in Nanjing.
McDonald’s Corporation says it is struggling to attract the calibre of bidders it wants for its China/Hong Kong franchise.
Beijing Tourism Group and Sanpower are among bidders for McDonald’s China restaurants and master franchise.
Brookstone China has opened its first store after a local company rescued the US brand from bankruptcy.
Chinese investor Sanpower is reported to be preparing a bid for international toy retailer Hamleys.
A company backed by China Sanpower Group and Sailing Capital International has bought the American bankrupt retail giant Brookstone for over $173 million.
Brookstone is a retailer of travel goods, massage chairs, and other novelty items. The New Hampshire-based retailer struggled to fend off online competitors and buck the trend of consumer cutbacks. It filed for bankruptcy on April 3 with a deal to sell its assets to Spencer for about $146.3 million.
However, in a 13-hour auctio…