The Icelandic investor has divested its media and technology interests to two new independent companies, to focus solely on retail after beginning a restructuring process last year.
Baugur Group chief executive Gunnar Sigurdsson told Retail Week that, as well as further acquisitions, there were “opportunities for add-ons within the portfolio of companies”.
He used the example of Baugur’s Mosaic fashion group, which “was built through acquisitions” to include retailers such as Principles and Oasis.
Baugur also owns Aurum Holdings, parent company to jewellers Mappin & Webb, Goldsmiths and Watches of Switzerland. Its global portfolio is valued in excess of£1.5 billion.
“In the medium-term, you will see opportunities for us to build up businesses like Aurum, possibly with something new,” said Sigurdsson.
There has been talk that Baugur might create a menswear version of Mosaic, heightened by its 42p-a-share offer for Moss Bros.
It also does not have a holding company for its UK food brands, which include supermarket chain Iceland, wholesaler Booker and food and drink brands Julian Graves and Whittard of Chelsea.
The restructuring of Baugur will also rebalance its geographical portfolio, with 85 per cent of its assets now in the UK, the US and Scandinavia, distancing it from the troubled Icelandic economy.
Sigurdsson said speculation about its reliance on Iceland’s banks had had “an effect for shareholders”.
He said: “It was important for us to make the point to our companies that Baugur is very strong and not as exposed to those market conditions as is being suggested.
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