Baugur to relocate to UK
 
Fri, 4th July 2008
 
 

Baugur to relocate to UK

Jsgeir Jnesson to head up UK arm following following the conclusion of the State vs. Baugur Group case on June 5.

The sentence stipulates that Jnesson must leave the boards of companies in Iceland, and on June 19, he announced that he would step down from the board of FL Group. "I will remain on the board of our companies abroad and in the next few weeks we will announce which of our companies will be relocated to other countries," Jnesson said.

Last month Baugur sold its remaining stake in Booker to focus on its retail portfolio.

 
 
category Retail  |  source The Retail Bulletin
 
   
 
 
 
 
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