Insolvent Icelandic retail bosses given gift of shares by liquidating bank
A group of key owners in Icelandic retail giant Hagar have made a deal with Arion Banki to keep a share of the business, despite its having been insol...
Arion Bank to sell Iceland’s 10-11 stores to highest bidder
Iceland’s Arion Bank has today advertised the convenience store chain 10-11 for sale. The bank has owned the chain since it took over the bankru...
Arion Bank to sell 10-11 convenience stores in Iceland
Arion Bank says it intends to split the 10-11 chain of convenience stores from the estate of Hagar and sell it off. It is not anticipated that other r...
Bonus founder removed from Icelandic supermarket board
The co-founder of Iceland’s Bonus supermarkets, Johannes Jonsson, has been removed from the board of Hagar following a decision by Arion Bank th...
Icelandic retail chain broke competition laws
The Reykjavik District Court has ordered Hagar to pay ISK 315 million in fines for abuse of market position.
Iceland retail empire to list on stock exchange
Iceland’s Arion Banki has decided to list retail giant Hagar on the Reykjavik stock exchange as a public listed company.
Arion: Hagar not for sale
Representatives of a large investment group wishing to buy Iceland’s Hagar retail business say they have been locked out, claiming to be disappointed ...
New Icelandic supermarket brings politics to the high street
Icelandic businessman and political campaigner, Jon Gerald Sullenberger promised last December to open a new low cost supermarket in Iceland to rival ...