House of Fraser buys Jenners Department Store

March 17, 2005

One of Terinea’s oldest clients and fore runners of JServe EPOS system is taken over by House of Fraser department store.

See extract from the Scotsman:-

“JENNERS is set to be taken over by retail giant House of Fraser, it was announced today. The world’s oldest independent family-run department store is understood to have accepted in principle a “very good” offer for the business. Staff at the company’s flagship Princes Street store said they were “flabbergasted” after bosses broke the news to them this morning. As well as the landmark six-storey building, the sale also includes Jenners’ outlets at Glasgow and Edinburgh airports, and at Loch Lomond. One retail analyst today said the sale price could exceed £200 million. Jenners’ 750 members of staff were called to a “balcony presentation” this morning, where directors standing in the main hall told staff of the bid. All staff will be transferred to the House of Fraser group, which has a store at the West End of Princes Street, following the acquisition. It is understood the companies are keen to conclude the deal as quickly as possible, before the start of the busy summer period, and it is thought it could be a matter of weeks before the deal is signed. The news comes just weeks after another flagship Edinburgh department store, Aitken and Niven, closed its George Street doors for the last time. The Jenners deal will also see the board of directors, including long-serving manager director Robbie Douglas Miller, ousted. Jenners has been owned by the Douglas Miller family since 1881. House of Fraser today said it would continue to trade under the Jenners name. ” Read the rest of the story on the Scotsman website at

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Author: Support @ 9:10 pm
Category: Clients,Events

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