Liquidity in the markets isn't the only challenge Baugur Group might face in any attempt to take over Saks Inc. The investment company and two of its principals are under investigation by an Icelandic prosecutor looking into alleged tax evasion in the period 1998 to 2002.
A spokesman from the economic crime division of the state prosecutor's office in Iceland confirmed this week that Helgi Magnús Gunnarsson is looking into possible tax evasion relating to Baugur, its executive chairman Jón Asgeir Johannesson and Oskar Magnússon, a former Baugur director. The case reportedly involves several million pounds in taxes.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)