|
Green?s company, Scarlett Retail, is understood to have approached the Scottish retail entrepreneur Tom Hunter about buying Hunter's 6.9 percent holding in the department store. Scarlett Retail owns the U.K. department store group Allders, and is backed by the property group Minerva. Sources say Green plans to use Hunter?s stake as a platform to launch an offer for the store. Minerva could not be reached for comment, while a spokesman for House of Fraser declined to comment. Allders and House of Fraser tried to merge twice before, in 1999 and in 2001. On both occasions the two sides were unable to agree on price. ELLEN BURNEY
|
