Iceland

Johannesson family buys back retail assets as Baugur leaves Iceland

July 4, 2008

As part of Icelandic investment company Baugur’s move to London, the company will sell its retail holding company, Hagar, back to the founding family.

As part of Icelandic investment company Baugur's move to London, the company will sell its retail holding company, Hagar, back to the founding family.

The return of Hagar to the ownership of Jón Ásgeir Johannesson and his family means that the UK now accounts for some 85% of the investment portfolio, with the balance in Scandinavia and the US.

Icelandic investment bid causes rift

February 26, 2008

A takeover bid from an Icelandic investment firm threatens to divide a family-owned clothing company.

A takeover bid from an Icelandic investment firm threatens to divide a family-owned clothing company. Men's clothing firm Moss Bros has received a takeover bid of €0.55 per share from Baugur, the Iceland-based investment group, which values Moss Bros at approximately €53 million.