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‘No threat to Baugur’
Oct 7 2008 by David Jones, Liverpool Daily Post
ICELANDIC retail investor Baugur is insisting its roster of UK high street businesses – including Deeside-based Iceland frozen foods – is not under threat from the banking crisis.
The group also has stakes in some of Britain’s other best- known retailers, including House of Fraser, Debenhams, Woolworths, Moss Bros and French Connection.
Iceland’s government is currently wrestling with the fall-out from the global financial crisis that has led to a series of bank crashes.
Baugur recently divested itself of any Icelandic assets, leaving its portfolio based mainly in the UK.
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