Hugh Fraser (Businessman)
Sir Hugh Fraser (1936-1987) was a businessman and the son of Hugh Fraser (Lord Fraser of Allander) and provided the money via the Hugh Fraser Foundation (created in 1960) to set up the Fraser of Allander Institute in 1975. (for the MI5 officer of the same name see Hugh Fraser (MI5))
Fraser succeeded his father, Lord Fraser of Allander, as head of the House of Fraser Group on the death of the latter in 1966. The company continued to expand its empire of department stores, with over fifty joining the group during the 1970s. Fraser relinquished the chairmanship in 1981 and in March 1985 House of Fraser was purchased by the Al Fayed family in a £615 million deal. Sir Hugh died in 1987.