‘We are looking at various options,’ a Baugur spokesman told The Daily
‘The conversations [with BDO Stoy Hayward] are still at a very early stage.’
Sources close to the talks believe the best action for the group to take is
to place the UK holding company in administration, which would speed up the
rescue and refinance of the group’s separate businesses.
On Sunday, Jón Ásgeir Jóhannesson, Baugur chairman, warned the group’s
investment could ‘fall one after another’ unless it completed a deal with retail
billionaire Sir Philip Green to buy Baugur’s debt from the Icelandic banks and
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK