The British department store chain House of Fraser plans to enter the Russian market. JLL consultants are currently looking for properties in Russia for the House of Fraser franchise. According to them, a department store needs 7000 - 20 000 square. m
House of Fraser was founded in 1848 and is now the third largest department store chain in terms of revenue. It includes 61 stores in the United Kingdom and Ireland that sell clothing, accessories, cosmetics, and household goods. The retailer calls itself "the leading premium department store." The chain's international development began last year: Arabian Retail Arabia opened the first House of Fraser department store in Abu Dhabi (UAE) under a franchise.
Retail Arabia received the rights to develop the network in Russia and the CIS, but so far the search is quite difficult. The economy of the department store is not easy for developers, consultants explain.