Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Baugur is set for UK move

Icelandic investment giant Baugur is expected to announce its intention to move to the UK today.

The move will allow executive chairman Jon Asgeir Johannesson to continue heading the company, which owns House of Fraser and Mosaic Fashions in the UK. It also has stakes in Moss Bros and French Connections.

The move follows the decision by the Reykjavik's supreme court last month to uphold a three-month suspended prison sentence for book keeping offences.

Baugur’s move to the UK would see the company report in sterling for the first time.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.