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The Guardian - UK
The Guardian - UK
Business

Baugur: a retail giant

Gallery Baugur: All Saints
Fashion label All Saints is part of the Baugur empire. It recently posted good profit figures thanks to its target market - young, street-fashion-conscious shoppers who do not appear to be too worried about the recession Photograph: Sarah Lee
Gallery Baugur: Debenhams
Debenhams is one of two department store groups under the Baugur umbrella. While posting a smaller-than-feared fall in Christmas sales, it admitted that a series of promotions before Christmas would hit profit targets Photograph: David Sillitoe
Gallery Baugur: French Connection
Baugur’s investments also include struggling fashion chain French Connection. A 10-year spending spree has left Baugur owning stakes in more than 20 UK retail brands. A “sale of the century” is now looming as the Icelandic group hovers on the verge of collapse Photograph: Sarah Lee
Gallery Baugur: Hamley
Baugur’s retail business was backed by Iceland’s three biggest banks, which have been nationalised. Landsbanki, Baugur’s largest creditor, ran out of patience and seized control of several Baugur shareholdings, including its 64% stake in Hamleys toy store Photograph: Andy Rain/EPA
Gallery Baugur: Iceland frozen food store
Landsbanki has seized Baugur’s 14% stake in Iceland, the supermarket chain. Like other retailers affected by Landsbanki’s move, Iceland insisted Baugur’s financial positon had “zero impact” on its day-to-day trading Photograph: Dan Chung/Guardian
Gallery Baugur: Karen Millen
Karen Millen is part of Mosaic, which also owns Oasis, Principles and Warehouse. Baugur has 49% of the holding company but key to its future is Kaupthing, which owns 20% of the equity and is its biggest creditor. Mosaic is widely expected to be broken up Photograph: Sarah Lee
Gallery Baugur: Mappin & Webb
The Landsbanki claim also relates to Aurum, which runs Mappin & Webb, Goldsmiths and Watches of Switzerland and is profitable Photograph: Felix Clay
Gallery Baugur: Oasis
Part of Mosaic, Oasis is caught up in the Baugur collapse. The Icelanders do not own any of their businesses outright. The stores will continue to trade as normal, but many of the retailers relied on the now-collapsed Icelandic banks and must find new financial backers Photograph: Linda Nylind
Gallery Baugur: The House of Fraser
Landsbanki has seized Baugur’s 35% stake in House of Fraser, the second UK department store group in the Icelanders’ retail empire Photograph: Frank Baron/Guardian
Gallery Baugur: Warehouse
Warehouse is another Baugur investment. The Icelandic group’s companies employ some 50,000 people worldwide in over 3,500 stores, and have raked in a total turnover of £5.4bn Photograph: Sarah Lee
Gallery Baugur: Whistles
Of the retailers affected by the Baugur collapse, Whistles is one of the more exciting brands thanks to creative director Jane Shepherdson, who is known for making Sir Philip Green’s Topshop chain a success Photograph: Martin Argles/Guardian
Gallery Baugur: Wyevale Garden Centre
Wyevale Garden Centre was acquired by Baugur and Sir Tom Hunter two years ago. The Scottish entrepreneur, who owns some 40% of the business, could snap up Baugur’s 26% stake Photograph: Roger Bamber
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