Family-controlled French department store group Galeries Lafayette is reportedly considering a purchase of British counterpart House of Fraser, in an effort to expand its operations across the Channel.
The 164-year-old House of Fraser had been mulling an IPO in 2014, as previous attempts over the past two years at a trade sale have failed.
But according to Reuters, two industry sources have confirmed the department store groups are currently in talks, meaning the planned public
listing wouldn’t go ahead.
