Summary
Topshop tycoon Sir Philip Green is poised to increase his influence over the UK high street after talks were held in Iceland to buy the pounds 1 billion of debt held by House of Fraser investor Baugur.
The group, which has stakes in Hamleys, frozen food chain Iceland and Karen Millen, is thought to have about pounds 1 billion of debt with Icelandic banks that have either been nationalised or have gone into administration.See the full content of this document
Extract
Retail Tycoon Ready to Cash in On Iceland Uncertainty
Sir Philip's plan would see him take on the borrowings at a significant discount to face value. That would put him in a p...
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