All Baugur articles – Page 6
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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.
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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.
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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One of the UK’s three biggest credit insurers has withdrawn cover for suppliers to several Baugur-backed retailers as the situation in Iceland worsens.
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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.
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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.
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News
Ghost 'seeking funding solutions'
Womenswear retailer Ghost is exploring alternative funding solutions, which could include the withdrawal of its backers from the business.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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News
House of Fraser to launch new-look magazine
House of Fraser will unveil a new-look in-store magazine on September 1.
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News
Baugur still in frame for Saks
Baugur has put itself firmly back in the frame to buy US department store chain Saks.
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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.
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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 .
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News
Woolworths rejects Iceland takeover approach
Woolworths has rebuffed a takeover approach by Iceland founder Malcolm Walker claiming that it undervalued the retail chain.
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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.
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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.”
