In the news over the long weekend, The Sunday Times takes a closer look at Yuan Yafei, the chairman of the Chinese conglomerate Sanpower Group which bought House of Fraser in 2014. His Western Empire is in ruins and questions are being asked about how it was run, according to the paper.
Also from the Sunday Times, the billionaire owners of the Ritz and the Telegraph newspapers are said to be close to buying the five-star Beaumont hotel in London after outbidding its operators, the restaurant doyens Christopher Corbin and Jeremy King.
Elsewhere Lone Star and Delancey are reported to be in a stand-off over a potential £2bn sale of Quintain.
Five things you might have missed last week
Avison Young and JLL to advise on Rushden Lakes
Berkeley buys Horlicks site in Slough
Lone Star and Delancey in stand-off over Quintain
Barclay twins to push Wolseley duo Christopher Corbin and Jeremy King out of Beaumont hotel
Yuan Yafei and the Chinese puzzle left at House of Fraser
Crossrail and HS2 will set tills ringing in the West End
Record proportion of Londoners selling up to move north
Higher VAT for online would ‘save high street’
UK’s Help to Buy scheme is being used for ‘upsizing’
