By  on October 17, 2008

LONDON — One of the troubled Baugur Group’s retail companies confirmed on Thursday that it’s talking to a variety of potential investors to secure the future of the business.

As reported this week, Baugur has more than $2 billion worth of debt owed to Iceland’s biggest banks and is seeking to off-load it. Baugur has said anyone who buys all or part of the debt will inevitably gain control of some or all of its retail holdings, which include a string of British specialty chains as well as department store group House of Fraser and a stake in Saks Inc.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus