By  on April 15, 2014

LONDON — House of Fraser, the British department store chain that’s poised to become part of China’s Sanpower Group, is this week set to reveal “record” sales for the year ended in January, according to a source familiar with the company.

The store, which posted sales of 1.2 billion pounds, or $2 billion, in 2012-13, will release its 2013-14 figures at the same time that Nanjing Cenbest, a publicly quoted subsidiary of Sanpower, makes an official announcement to the Shanghai Stock Exchange regarding its intention to acquire the British retailer.

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