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.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)