House of Fraser http://www.globalpost.com/taxonomy/term/28461/all en Soccer-Fulham owner Al Fayed clears club debts http://www.globalpost.com/dispatch/news/thomson-reuters/130129/soccer-fulham-owner-al-fayed-clears-club-debts <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 29 (Reuters) - Premier League Fulham are now clear of debt after owner Mohamed Al Fayed converted loans totalling more than 200 million pounds ($314.1 million) into shares in the club.</p> <p>Al Fayed, the former owner of the Harrods department store, bought Fulham in 1997 and has seen them establish themselves in the Premier League.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/soccer-fulham-owner-al-fayed-clears-club-debts" target="_blank">read more</a></p> Hoteliers House of Fraser Mohamed Al-Fayed Technology Thomson Reuters Tue, 29 Jan 2013 17:31:04 +0000 Thomson Reuters 5741102 at http://www.globalpost.com Iceland tycoons convicted of tax evasion http://www.globalpost.com/dispatch/news/afp/130207/iceland-tycoons-convicted-tax-evasion <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Iceland's Supreme Court on Thursday convicted the former heads of Baugur, an Icelandic group that invested heavily in British retailers and went bust after the nation's economic crash, of tax evasion.</p> <p>In a case dating back to 2008, the ex-chairman of Baugur, Jon Asgeir Johannesson, his sister Kristin Johannesdottir and their former co-worker Tryggvi Jonsson were charged with tax evasion amounting to 2.4 million dollars ($1.8 million) from 1998 to 2003.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/iceland-tycoons-convicted-tax-evasion" target="_blank">read more</a></p> Baugur Group Business Europe Hospitality House of Fraser Law Politics AFP Thu, 07 Feb 2013 19:16:23 +0000 Agence France-Presse 5749282 at http://www.globalpost.com Football: Khan agrees to buy Fulham http://www.globalpost.com/dispatch/news/afp/130713/football-khan-agrees-buy-fulham <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Pakistan-born billionaire Shahid Khan agreed a deal to buy English Premier League club Fulham on Friday.</p> <p>Khan, who owns NFL team Jacksonville Jaguars, has been in talks with Fulham owner Mohamed Al Fayed for several days and the pair have struck an agreement that will put the west London team under new ownership for the first time in 16 years.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130713/football-khan-agrees-buy-fulham" target="_blank">read more</a></p> Football in England House of Fraser London Shahid Khan Technology AFP Sat, 13 Jul 2013 08:32:34 +0000 Agence France-Presse 5883052 at http://www.globalpost.com Football: Khan vows to build on Al Fayed's work at Fulham http://www.globalpost.com/dispatch/news/afp/130713/football-khan-vows-build-al-fayeds-work-at-fulham <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Fulham's new owner Shahid Khan vowed to build on the foundations left by Mohamed Al Fayed as the Pakistan-born billionaire arrived at Craven Cottage for the first time on Saturday following his takeover.</p> <p>Khan, who also owns NFL team Jacksonville Jaguars, struck an agreement with Al Fayed on Friday that put the Premier Leage club under new ownership for the first time in 16 years.</p> <p>The 62-year-old is reported to have paid around £150 million for 100 per cent control and he met the media for the first time on Saturday.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130713/football-khan-vows-build-al-fayeds-work-at-fulham" target="_blank">read more</a></p> Hoteliers House of Fraser London Shahid Khan AFP Sat, 13 Jul 2013 13:33:13 +0000 Agence France-Presse 5883158 at http://www.globalpost.com Chinese group acquires Britain's House of Fraser http://www.globalpost.com/dispatch/news/afp/140413/chinese-group-acquires-britains-house-fraser <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Chinese conglomerate Sanpower has agreed to buy a majority stake in British department store House of Fraser in a deal worth £480 million (578 million euros, $800 million), according to a joint statement.</p> <p>Sanpower, a Nanjing-based conglomerate listed on the Shanghai Stock Exchange, will acquire an 89 percent stake in the 165-year-old British brand through its Nanjing Cenbest subsidiary.</p> <p>Sanpower's founder and chairman, Yuan Yafei, said the deal was the largest overseas acquisition in the retail sector by a Chinese business, and a "landmark transaction".</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140413/chinese-group-acquires-britains-house-fraser" target="_blank">read more</a></p> Business Department store Economy of the United Kingdom House of Fraser AFP Sun, 13 Apr 2014 12:46:34 +0000 Agence France-Presse 6120421 at http://www.globalpost.com Football: Al Fayed laments Fulham's Jackson dive http://www.globalpost.com/dispatch/news/afp/140506/football-al-fayed-laments-fulhams-jackson-dive <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Former Fulham owner Mohamed Al Fayed came up with an unusual explanation on Tuesday for their Premier League relegation -- the removal of Michael Jackson's statue.</p> <p>Shahid Khan, who bought Fulham from Al Fayed, had the giant statue of the late American pop star taken away from outside London club Fulham's Craven Cottage ground in November.</p> <p>The statue soon become an object of ridicule, even among Fulham fans, with many supporters unable to understand why Al Fayed was honouring a man who only had a tenuous connection to their club in such a way.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140506/football-al-fayed-laments-fulhams-jackson-dive" target="_blank">read more</a></p> British people Disaster House of Fraser London AFP Tue, 06 May 2014 19:36:51 +0000 Agence France-Presse 6140208 at http://www.globalpost.com