LONDON (Dow Jones)--U.K. department store group House of Fraser PLC (HOF.LN) has received a preliminary takeover approach, a spokesman for the company said Monday.
The spokesman declined to name company behind the move.
According to the Times newspaper, Icelandic retail firm Baugur Group HF (BAUGUR.YY), which recently bought 9.5% in the House of Fraser, is the party that made the approach.
Baugur could not be reached for comment.
-By Benoit Faucon, Dow Jones Newswires; +44-20-7842-9266; firstname.lastname@example.org
(END) Dow Jones Newswires