All Mosaic articles – Page 2
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News
Mosaic has three months to refinance
Fashion group Mosaic has just three months left to refinance.
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News
Kaupthing requests nine-month extension to protection period
Nationalised Icelandic bank Kaupthing has requested a nine-month extension to the period in which it is protected from its creditors.
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News
Debenhams and Arcadia race to buy Principles
Debenhams and Top Shop-owner Arcadia are battling it out to take control of Principles, the Icelandic-backed fashion chain.
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News
Kaupthing to waive selected Mosaic covenants
Mosaic has issued a statement confirming that Kaupthing will waive interest payments and temporarily waive its rights on selected financial covenants until its next payment date.
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News
Landsbanki keeps retailers at bay over Baugur pickings
Department store groups eager to cash in on the demise of Baugur may have a long wait, after Landsbanki reiterated its intention to retain the shares it now controls in Baugur-backed brands.
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News
Baugur's retail stakes stir interest
Retail investors including Sir Philip Green and Dragon’s Den star Theo Paphitis have been named as likely interested parties for Baugur assets, after its UK subsidiary was placed into administration at the close of last week.
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News
Baugur in administration
Updated: Baugur’s stakes in retailers House of Fraser, Hamleys, Aurum and Iceland have been placed in to administration.
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News
Glitnir makes demands on Baugur; buyers circle Hamley's
Nationalised Icelandic bank Glitnir has demanded repayments from beleaguered Icelandic investor Baugur, as tensions between it and its lenders intensify.
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Opinion
Baugur's loss is retailers' gain
The final death throes of Baugur’s retail empire are being very publicly played out, but the brands in which it has stakes should breathe a quick sigh of relief and move on with the business of retailing.
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News
Baugur files for bankruptcy protection
Baugur has confirmed that it has filed for protection from its creditors in the Icelandic equivalent of Chapter 11 bankruptcy protection as exclusively revealed by Retail Week this morning.
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News
Sir Philip Green moots Principles bid
Sir Philip Green is understood to be interested in bidding for Principles, the fashion brand owned by Mosaic.
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Opinion
Mosaic wise to assess options as Iceland rebuilds
A change of government in Iceland heralds a new start for the country, and may signal a thawing of the glacial process of evaluating the UK retail assets held by the administrators to its banks.
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News
Kaupthing insists Mosaic will remain fashion powerhouse
The Icelandic government and administrator Ernst & Young – which now control Kaupthing’s UK retail assets – are determined to maintain Mosaic as a portfolio of fashion brands despite its plans to sell Shoe Studio.
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News
Mosaic issues profit warning
Fashion group Mosaic has revealed total sales fell 1.2 per cent over the 23 weeks to January 3 and said that it expects full-year profits to be below last year.
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News
Retail rents fall for first time in 15 years
Retail rents fell for the first time in 15 years in 2008 and are not expected to return to growth until 2013.
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News
Mosaic in talks to secure its future
Fashion group Mosaic is to begin talks with its lenders in an attempt to secure the future of the business.
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News
Thresher revives 40% discount offer
Off-licence operator Thresher Group is reviving its 40 per cent discount campaign again, making it the third consecutive year the retailer has run the offer.
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Opinion
Sir Philip Green should suit Moss Bros
Sir Philip Green burst back in to the limelight yesterday, snapping up Baugur’s 28.5 per cent stake in battle-weary Moss Bros. The swoop has left the retail sector wondering whether this rare dabble on the stock market for Green will presage an offer for the entire menswear business.
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News
Baugur boss becomes Iceland chairman
Baugur chairman Jon Asgeir Johannesson has joined the board of frozen food specialist Iceland as chairman.
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