The Icelandic investment company Baugur has filed for bankruptcy Dagens Industri reports. The company’s protection from creditors was cancelled by a Reykjavik court on Wednesday.
Tag Archive | "Baugur"
Baugur files for bankruptcy
Posted on 12 March 2009.
Posted in Business, Iceland, MBL, United KingdomComments (5)
Selling up in New York
Posted on 15 February 2009.
Icelandic millionaires Jon Asgeir Johannesson and Ingibjorg Palmadottir have put their luxury Manhattan apartment on the market for USD 25 million (ISK 2.9 billion), according to the New York Times.
Posted in Business, General, Iceland, MBL, United StatesComments (20)
Baugur’s Jon Asgeir under fire from former friend (again)
Posted on 09 February 2009.
Florida-based Icelandic businessman Jon Gerald Sullenberger runs a company which exports American goods to Iceland; but he is probably best-known as the former friend and business partner of Jon Asgeir Johannesson (Baugur Group) who was star witness in the drawn out court cases against the Baugur boss following the pair’s falling out. Click here to [...]
Posted in Business, Iceland, MBL, Politics, Society, Technology, Travel, United KingdomComments (5)
Jon Asgeir charged with tax evasion again
Posted on 19 December 2008.
Helgi Magnus Gunnarsson, acting state prosecutor and Runar Gudjonsson, Sheriff of Reykjavik, have issued charges against Jon Asgeir Johannesson, Baugur Group and associated parties. The charges relate to alleged tax irregularities.
Posted in Business, General, Iceland, MBLComments (1)
Icelandic economy: Baugur still in good shape
Posted on 03 October 2008.
Reuters reports that the Icelandic investment company Baugur, which owns or has stakes in a many recognized British high street retailers, said on Wednesday its interests continue to perform well and are unaffected by turbulence in the Icelandic economy. Stodir, an investment company formerly known as FL Group, had been due to hold a shareholder [...]
Posted in Business, Iceland, International, MBL, United KingdomComments (0)
FL Group changes name to Stodir
Posted on 04 July 2008.
FL Group announced today that it has been rebranded as Stodir and has acquired of a 39% stake in the Baugur Group under the new name. With the transaction, Stodir´s equity will increase by ISK 25 billion. The transaction was conducted by means of a share swap and issuance of new shares in Stodir. The [...]
Posted in Business, Iceland, International, MBLComments (0)
Baugur Group sells Icelandic holdings
Posted on 21 April 2008.
Baugur Group, a large investment company based in Iceland, has decided to sell off part of its holdings in order to focus on retail investments. As a result, the group’s holdings in the areas of media, technology, and finance have been sold for a total of GBP 430 million (USD 850 million; EUR 533 million), [...]
Posted in Business, Countries, Iceland, International, MBL, Scandinavia, United Kingdom, United StatesComments (0)
CNBC interviews Baugur boss
Posted on 15 April 2008.
In an interview on Squawk Box on the US television network CNBC, Jon Asgeir Johannesson, Executive Chairman of Baugur Group, spoke of “interesting times” in the global market, according to Frettabladid. The programme introduced Johannesson as “the most powerful man in British retail”, a title earned due to the impressive empire his Icelandic company has [...]
Posted in Business, China, Countries, Iceland, International, MBL, Politics, United Kingdom, United StatesComments (1)
