House of Fraser

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UK: Ex-Principles management set up new fashion brand | 13 Aug 09

The management team of shuttered UK high street brand Principles has returned with a new women’s wear brand called Mint Velvet.

UK: Seminar on selling to the high street | 3 Apr 09

A seminar to help suppliers sell more effectively to high street retailers is being organised by the British Clothing Industry Association (BCIA) at the end of this month.

UK: French Connection swings to GBP17.4m FY loss | 18 Mar 09

Fashion retailer French Connection Group Plc has swung to a full-year loss after being hit hard by the economic downturn, particularly in the US, and warned sales growth in the year ahead is “unlikely.”

ICELAND: Baugur Group files for bankruptcy | 13 Mar 09

Icelandic retail investor Baugur Group is to file for bankruptcy after a court in Reykjavik refused to give it more time to sort out its affairs.

UK: Elvi fashion chain in administration again | 2 Mar 09

Women’s wear retailer Elvi has gone into administration for the second time in a year, and has made around 20 people redundant at its head office in Redditch, Worcestershire.

UK: Landsbanki to hold on to House Of Fraser stake | 11 Feb 09

House of Fraser today (11 February) said it is “business as usual” after being reassured by banking group Landsbanki that it does not intend to sell its stake in the UK department store group.

ICELAND: Baugur's UK unit to enter administration | 6 Feb 09

Iceland's Baugur Group has decided not to oppose its UK unit BG Holding being placed under administration.

ICELAND: Baugur on brink after restructuring talks fail | 4 Feb 09

Retail investment group Baugur has sought legal protection from its creditors after restructuring talks with bank Landsbanki failed.

UK: House of Fraser reports 1.5% sales dip over Christmas | 8 Jan 09

Department store retailer House of Fraser said that like-for-like sales fell 1.5% during the Christmas period amid difficult retail conditions in the UK.

UK: Don McCarthy steps down at Moss Bros | 22 Dec 08

Moss Bros Group has announced that Don McCarthy has stepped down as a non-executive director of the company.

UK: Cotton Traders to stop sourcing clothes from Burma | 28 Oct 08

Retailer Cotton Traders is to stop sourcing clothes from Burma, days after a public boycott campaign was launched.

UK: Private equity firms join Baugur rescue race | 15 Oct 08

Hopes of retail mogul Sir Philip Green thrashing out a quick-fire deal for a stake in Baugur Group's UK fashion assets have been dealt a blow by rumours that private equity firms are lining up for a more prolonged bidding war.

UK: Baugur dismisses administration rumours | 14 Oct 08

Icelandic retail investment company Baugur Group said it has no plans to place its UK business into administration as it faces up to Iceland's banking turmoil.

UK: Baugur quiet about talks with Topshop owner | 13 Oct 08

Icelandic investment firm Baugur Group has called in retail entrepreneur Sir Philip Green for talks about a possible investment in its UK businesses after the collapse of the Icelandic banking system, according to reports in the UK press.

UK: House of Fraser distances itself from Baugur issues | 13 Oct 08

The chairman of UK department store chain House of Fraser has stressed its resilience to difficulties facing part-owner Baugur Group after the Icelandic banking collapse.

UK: Baugur cools financial fears over fashion chains | 10 Oct 08

Icelandic investment firm Baugur Group has moved to alleviate concerns about its fashion brands in the UK after the collapse of three Icelandic banks this week.

UK: Baugur says it’s ‘business as usual’ for retail units | 2 Oct 08

Icelandic investment group Baugur has moved to reassure the financial markets after a major shareholder filed for administration earlier this week, and says it is business as usual for the firm which owns a number of British high street fashion chains.

UK: Baugur fashion chains caught in Icelandic bank bail-out? | 30 Sep 08

A major shareholder in Icelandic investment group Baugur – which owns UK fashion retailers including House of Fraser, Karen Millen, Oasis and Principles – was forced to file for administration yesterday (29 September) prompting fears that some of Britain’s biggest high street names may be put up for sale.

UK: Moss Bros names Adams as new chairman | 23 Jul 08

Leading retail executive David Adams has been named as the new non-executive chairman of men’s apparel chain Moss Bros with immediate effect.

UK: Baugur trying to find a buyer for MK One chain? | 16 Apr 08

Icelandic investment group Baugur is reported to have put discount fashion chain MK One on the block after failing to turn the struggling stores around.

ICELAND: Baugur targets buys with retail war chest | 9 Apr 08

Icelandic investment group Baugur has completed its restructuring as a pure retail investor, amassing a war chest to target acquisition opportunities.

UK: Mexx to close stores, axe 300 jobs | 27 Feb 08

Fashion and accessories retailer Mexx, owned by Liz Claiborne, is to close its UK retail stores amid deteriorating trading conditions on the high street.

UK: Kurt Geiger sold in GBP95m management buyout | 25 Feb 08

Luxury branded shoe retailer Kurt Geiger has become the latest footwear firm to change hands this year after being bought on Friday (22 February) in a GBP95m (US$187m) management buy-out.

UK: Administrators appointed at Elvi | 11 Feb 08

Fashion retailer Elvi is the latest UK high street retailer to fall into administration, hot on the heals of Dolcis and Base Menswear.

UK: Management buyout at d2 fashion chain | 29 Jan 08

The d2 clothing and footwear chain has been sold to eight members of its management team in a multi-million pound buyout deal.

In the money: Festive trading in the UK | 14 Jan 08

The past few weeks have revealed precisely how much respite Christmas spending has granted fashion retailers on the UK high street, with chains including Marks and Spencer and JJB Sports providing trading updates on the festive period.

UK: House of Fraser reports strong Christmas trading | 7 Jan 08

UK retail chain House of Fraser indicated in a trading statement that gross profit during the five-week Christmas period is ahead of last year.

UK: Austin Reed to open 60 stores in next two years | 1 Nov 07

UK retailer Austin Reed Group has revealed plans to open a further 60 stores in the next two years, with the company doubling its original three-year opening plan.

ICELAND: Baugur considering bid for Saks | 31 Oct 07

Icelandic retail group Baugur has indicated it could make an offer for US fashion retailer Saks Inc.

US: Baugur mulling $3bn bid for Saks? | 19 Oct 07

Icelandic investor Baugur is thought to be lining up a consortium to make a bid for US department store group Saks Inc – although any offers won’t be considered until after the holiday season say media reports.








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