Who is House of Fraser's Yuan Yafei?

He's been described as a wily chain-smoking deal-maker who made his start in business selling computers by a toilet.

He's been described as a wily chain-smoking deal-maker who made his start in business selling computers by a toilet.

But China's Yuan Yafei, a former government official, has come a long way since then.

Today he is the Chinese billionaire who holds the fate of 17,500 House of Fraser workers in his hands.

Mr Yuan's Sanpower Group, a firm he founded in 1993, snapped up 89% of a struggling House of Fraser in 2014.

The self-made Chinese tycoon had grand plans to save...
source: BBC

2018-08-10 10:14
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