LONDON — BG Holding ehf, a subsidiary of the troubled Icelandic retail investment firm Baugur Group, was put into administration in the U.K. on Friday by the Icelandic bank Landsbanki, one of Baugur’s creditors.
BG Holding’s investments include a 34.9 percent stake in department store chain House of Fraser through Highland Group Holdings; a 37.7 percent stake in Aurum Group, the parent company of jewelers including Mappin & Webb; a 63.7 percent stake in the toy store Hamleys, and a 13.7 percent stake in Iceland Foods Group Ltd.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)