85 731
Fashion Jobs
HENKEL
Senior Automation Tech
Permanent · GENEVA
ESSILORLUXOTTICA GROUP
Customer Service Representative
Permanent · EAST SYRACUSE
ESSILORLUXOTTICA GROUP
Customer Service Representative Classic Optical)
Permanent · YOUNGSTOWN
ESSILORLUXOTTICA GROUP
sr. Manager, Business Growth
Permanent · NEW YORK
ESSILORLUXOTTICA GROUP
Associate Manager, Trade Event Marketing
Permanent · DALLAS
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant
Permanent · PEMBROKE PINES
ESSILORLUXOTTICA GROUP
Oakley - Sales Supervisor
Permanent · CAMARILLO
ESSILORLUXOTTICA GROUP
Naasc - Material Handler II (Inbound Team Lead)
Permanent · MCDONOUGH
ESSILORLUXOTTICA GROUP
Oakley Store Market Manager- Denver Market
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant (Denver)
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Wholesale - Analyst, Supply Chain (Vendor Compliance)
Permanent · PORT WASHINGTON
ESSILORLUXOTTICA GROUP
Essilorluxottica Wholesale - Sales Representative
Permanent · RALEIGH
ESSILORLUXOTTICA GROUP
Wholesale - Coordinator- Sales Operations (Rep Orders)
Permanent · PORT WASHINGTON
AMRG
Sales Supervisor - Full Time
Permanent · ROSEMONT
WALGREENS
Overnight Call Center Representative - Pharmacy (Onsite)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Part Time)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Full Time)
Permanent · CHANDLER
WALGREENS
Senior Manager, Merchandise Planning
Permanent · DEERFIELD
WALGREENS
Digital Commerce Associate Manager, Merchandising
Permanent · DEERFIELD
WALGREENS
General Warehouse Person Pendergrass Rfc
Permanent · PENDERGRASS
CALERES
Associate Manager - Famous Footwear
Permanent · MANKATO
NORTH CAROLINA STATE
County Extension Director
Permanent · GOLDSBORO
By
Reuters
Published
Oct 15, 2008
Reading time
2 minutes
Download
Download the article
Print
Text size

Philip Green says still working on Baugur deal

By
Reuters
Published
Oct 15, 2008

LONDON (Reuters) - Philip Green, the billionaire owner of the Bhs department store chain and Arcadia fashion group, said on Wednesday, October 15th he is still working on a deal to buy the debt of Icelandic retail investor Baugur. "I need to do some more work," Green, back in London after a trip to Reykjavik on Tuesday, told Reuters.

Green has been in talks with Baugur, Icelandic banks and the government of the north Atlantic island since Friday. The discussions cover debt, estimated at over 1 billion pounds, across most of Baugur's investments and companies.

Some of Baugur's debts are with major Icelandic banks which have been nationalized in the country's banking crisis.

Buying Baugur's debt would give Green considerable influence over the investment group's high street fashion interests, which include Jane Norman, Whistles and a 49 percent share in Mosaic Fashions -- owner of Oasis, Principles, Karen Millen, Warehouse and Coast -- as well as supermarket chain Iceland.

Baugur also owns stakes in UK retailers Debenhams Plc , French Connection Group Plc , Moss Bros Group , Woolworths Group and iconic toy store Hamleys.

The Financial Times reported on Wednesday that Green was looking to buy Baugur's entire business, not just its debt.

"It's one and the same thing," he told Reuters.

Green said on Saturday he would use his own money to fund any deal.

On Tuesday Baugur said it had not appointed advisors and had no plans to put its UK business into administration, a form of creditor protection.

Meanwhile, the Financial Times also reported that Green could face competition for control of Baugur from private equity groups TPG, Permira and Alchemy.

A spokesman for TPG and a spokeswoman for Permira declined to comment. Alchemy was not immediately available to comment.

For a FACTBOX on Baugur's investments double click on. For a FACTBOX on Philip Green click on.

(Editing by David Cowell)

© Thomson Reuters 2024 All rights reserved.