Billionaire businessman Sir Philip Green is looking to invest up to £2 billion to save troubled Icelandic retailing group Baugur. Sir Philip has held talks with the Icelandic government about buying the debt held by the group in the country's collapsed banks. "Do I think there are some pressures in the economy? Of course there are. But if we keep frightening everybody and terrorising everybody it will feed on itself" - Sir Philip Green The group's brands in Britain include House of Fraser, Karen Millen and Hamleys. Sir Philip, who owns some of the UK's biggest retail chains including Bhs and Topshop, described the Baugur businesses as "fundamentally sound". He flew to Reykjavik on Friday to meet bank chiefs and government ministers. He said: "There was a discussion about my company acquiring the debt in these different...
[read full story]
Your Web Site
