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.
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)