House of Fraser needs new lifeline as Chinese retailer suspends acquisition plan

House of Fraser needs new lifeline as Chinese retailer suspends acquisition plan

A shopper carries a House of Fraser Ltd. department store shopping bag in Belfast, Northern Ireland, on Wednesday, April 4, 2018. Brexit negotiators are due to hold a month of intensive talks aimed at ending the deadlock over the Irish border. Photographer: Jacobia Dahm/Bloomberg Photo by Bloomberg

House of Fraser Ltd. needs a new lifeline after a Chinese retailer pulled its plan to buy a majority stake, leaving the U.K. department-store chain on the brink of collapse and threatening about 17,000 jobs.

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