DWORKIN REPORTEDLY SCOUTING HOUSE OF FRASER FOR NEW JOB
NEW YORK — David Dworkin, who tried to turn around Broadway Stores only to have it fall into the hands of Federated Department Stores, is on the prowl again for a new job.
Last month, he checked out the House of Fraser in London, where antsy investors are pressing for new management, but current management is hanging on and Dworkin’s chances of joining the chain are slim, sources said Tuesday.
Dworkin is known in England where, prior to running Broadway — now being absorbed by the Macy’s and Bloomingdale’s divisions of Federated — Dworkin was chief executive of Storehouse PLC. He left Broadway at the end of October.
Dworkin could not be reached for comment.
The 53-store House of Fraser department store chain was floated on the London Stock Exchange in spring 1994 by its owner, Mohammed al-Fayed, owner of Harrods, and is the largest store in the UK to carry major brands. But its management, headed by chairman Brian Mcgowan and managing director Andrew Jennings, has been criticized by analysts for failing to improve its merchandise turnover and systems.
“Investor groups are stirring up the pot,” a source said. The chain posted a $4.7 million loss in the half ended July 29 and is seen reporting a loss for the year.