Scottish and Universal Investments

of 175 West George Street, Glasgow..

1948 Incorporated as a private limited company wholly owned by the family of the then Mr Hugh Fraser (subsequently Lord Fraser of Allander). The main aim in establishing the company was to acquire part of the family interest in House of Fraser Ltd which became a public company in the same year.

1960 Became a public company - the holding in House of Fraser still represented over 90 per cent of net assets.

1964 Acquired George Outram and Co

1966 Purchased the educational publishers McDougalls Educational Co Ltd which it merged with Outrams' subsidiary, W. and R. Holmes Ltd, to form Holmes McDougall Ltd

1967 Also controlled companies in soft drinks, laundering and cleaning, engineering and textiles.

1972 the weekly newspapers were transferred to a separate company, Scottish and Universal Newspapers

1972 Acquired Daniel Greenaway and Sons Ltd, security and financial printers operating in London and Gloucestershire.

1972 Acquired Dalmore Whyte and Mackay Ltd

1973 Further purchases of whisky companies to form the whisky division, trading under the name of Whyte and Mackay Distillers Ltd.

1974 Sold some of its holding in House of Fraser

1979 Acquired by Lonrho

See Also

Loading...

Sources of Information

• [1] MMC