All Baugur articles – Page 6

  • News

    Sir Philip Green in talks to buy £2bn Baugur debt


    Baugur chairman J n sgeir J hannesson has admitted he could lose control of his UK retail business as Sir Philip Green considers buying about 2 billion worth of debt from failed Icelandic banks.

  • News

    Baugur rejects claim that retail businesses are for sale


    Baugur has denied comments by Alchemy Partners chief Jon Moulton that he was offered a number of the Icelandic investor’s UK retail companies in the aftermath of the collapse of Iceland’s banking industry.

  • News

    Coface pulls Baugur credit insurance


    One of the UK’s three biggest credit insurers has withdrawn cover for suppliers to several Baugur-backed retailers as the situation in Iceland worsens.

  • News

    Iceland nationalises Landsbanki


    Landsbanki, Iceland’s second largest bank, has been nationalised. The move is the latest chapter in the saga surrounding the collapse of Iceland’s economy and subsequent speculation surrounding its impact on UK retailers owned or backed by Icelandic banks or Icelandic investor Baugur.

  • News

    Aurum posts robust sales


    Baugur-backed jewellery group Aurum has posted annual sales of 261.7 million, an increase of 7.7 per cent on the year and 7.4 per cent on a like-for-like basis.

  • News

    Ghost 'seeking funding solutions'


    Womenswear retailer Ghost is exploring alternative funding solutions, which could include the withdrawal of its backers from the business.

  • News

    Baugur reassures Icelandic turmoil will have 'no impact'


    Baugur has quashed speculation that turmoil in the Icelandic banking sector may have an effect on the Icelandic investor’s UK retail portfolio.

  • News

    House of Fraser reassures suppliers


    House of Fraser chairman Don McCarthy has written to suppliers to reassure them that the Baugur-backed department store business is financially robust.

  • News

    Baugur boss reassures on retail portfolio


    Baugur has quashed speculation that it will suffer as result of the nationalisation of Icelandic bank Glitnir and the administration of Stodir, an investment business controlled by Baugur executive chairman Jon Asgeir Johannesson.

  • News

    Mosaic posts first-half EBITDA rise of 6 per cent


    Fashion group Mosaic has reported that EBITDA in its first half to July 26 rose by 6 per cent to 33.4 million to represent 8 per cent of sales.

  • News

    Leading Baugur investor files for administration


    Icelandic investment business Stodir, which is controlled by Baugur executive chairman J n sgeir J hannesson and which said in July it was acquiring 39 per cent of Baugur, has filed for administration.

  • News

    Crunch drives sales at discount grocers


    Grocery sales rose 7.3 per cent in the 12 weeks to September 7, according to the TNS Worldpanel grocery market share figures, as inflation fuelled sales.

  • News

    Ireland’s Pavilions development unveils blueprint for extension


    Irish developer Chartered Land has submitted an application for an extension to its Pavilions shopping centre at Swords, north of Dublin, which would significantly increase the scheme’s retail offer.

  • News

    House of Fraser to launch new-look magazine


    House of Fraser will unveil a new-look in-store magazine on September 1.

  • News

    Baugur still in frame for Saks


    Baugur has put itself firmly back in the frame to buy US department store chain Saks.

  • Opinion

    Spring in Debenhams’ step


    Next month, Cortefiel will finally make its much-anticipated entry into the UK market, when its eponymous fascia and young-fashion label Springfield launches in Debenhams.

  • News

    Baugur approaches Woolworths shareholders to force negotiations


    The Baugur-led acquisition consortium rejected by Woolworths has contacted other shareholders to try to force the board to open negotiations over a possible takeover, according to the Financial Times .

  • News

    Woolworths rejects Iceland takeover approach


    Woolworths has rebuffed a takeover approach by Iceland founder Malcolm Walker claiming that it undervalued the retail chain.

  • News

    Iceland attacks ‘barmy’ CC’s Ombudsman fee


    Iceland boss Malcolm Walker has hit out against the Competition Commission (CC) Ombudsman fee, arguing that there should be a sliding scale of payments according to a grocer’s turnover.

  • News

    Iceland founder hits out at soaring shop crime


    “We are plagued with a tidal wave of shoplifting. 50 per cent of the time it turns violent. Our store managers are physically attacked, spat at, assaulted – it’s out of control.”