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Baugur Group hf
Type	Private
Founded	Reykjavík, Iceland (1998)
Headquarters	Reykjavík, Iceland
Key people	Jón Ásgeir Jóhannesson, CEO
Industry	Retailer, Real estate
Products	Retailer, Investment company
Website	http://www.baugur.is

Baugur Group (['pøyɣʏr] in Icelandic, otherwise often ['baʊgə(ɹ)]) is an Icelandic investment company. Image File history File links Information_icon. ... Shortcut: WP:CSD Current list: Category:Candidates for speedy deletion There are a few, limited, cases where admins can delete Wikipedia pages on sight. Non-admins can ask for an admin to delete such a page, either by listing it on speedy deletions, or by adding either a {{delete}} or... Baugur logo This work is copyrighted. ... A private company is a company that is independently owned. ... For the town in Canada see Reykjavik, Manitoba Location in Iceland Coordinates: Constituency Reykjavík North Reykjavík South Area    - City 274. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... For the town in Canada see Reykjavik, Manitoba Location in Iceland Coordinates: Constituency Reykjavík North Reykjavík South Area    - City 274. ... Jón Ásgeir Jóhannesson Jón Ásgeir Jóhannesson (born in 1968 in Reykjavík, Iceland) is the CEO of Baugur Group. ... This page as shown in the AOL 9. ... An investment company is a company whose main business is holding securities of other companies purely for investment purposes. ...

The name Baugur is pronounced, in Icelandic as ['bøykʏr]; however, outside the country, it is widely pronounced as ['baʊgə(ɹ)].

History

Jón Ásgeir Jóhannesson, President & CEO of Baugur Group, fresh out of college,set up his first Bónus supermarket with his father Jóhannes Jónsson in 1989. The company was started with one store in Reykjavík, based on the proposition of offering customers value for money. The company grew quickly and within three years was operating several supermarkets in Iceland. In 1992, the owners of Hagkaup, the leading domestic retailer, acquired 50% of shares in Bonus, and in 1993, Hagkaup and Bónus established a joint purchasing company named Baugur. Jón Ásgeir Jóhannesson Jón Ásgeir Jóhannesson (born in 1968 in Reykjavík, Iceland) is the CEO of Baugur Group. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... This article does not cite its references or sources. ... Bónus is an Icelandic and Faroese no-frills supermarket chain with 24 stores in Iceland and four in the Faroe Islands. ... Jóhannes Jónsson is an Icelandic businessman and one of the founders and current owners of the investment company Baugur Group. ... 1989 (MCMLXXXIX) was a common year starting on Sunday of the Gregorian calendar. ... For the town in Canada see Reykjavik, Manitoba Location in Iceland Coordinates: Constituency Reykjavík North Reykjavík South Area    - City 274. ...

Hagkaup was established over 50 years ago and, as a retailing pioneer, opened both supermarkets and department stores in Iceland. Hagkaup and Bonus merged as Baugur in 1998 and Johannesson became the company's President and CEO. Baugur was listed on Icelandic Stock Exchange the same year.

In 1999, Baugur signed franchise agreements with The Arcadia Group and Debenhams for Scandinavia and today Hagar, (formerly Baugur-Iceland) runs several Topshop and Miss Selfridge stores in Iceland and Sweden as well as three Debenhams stores. 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... The Arcadia Group is a British company that owns the high street retailers includes Topshop, Topman, Miss Selfridge, Burton, Evans, Dorothy Perkins, Wallis and Outfit. ... Debenhams plc (LSE: DEB) is a retailer with a chain of department stores based in the United Kingdom. ... Topshop is a chain of clothing stores situated (mostly) throughout the United Kingdom. ...

The company grew up to be the largest in the retail sector in Iceland. Baugur Group has continued to grow and flourish under the guidance of Mr. Jóhannesson, and at the end of the year 2003, no other privately owned Icelandic company, in addition to being the largest in Iceland, had larger operations abroad.

Baugur changes to Baugur Group

In 2002, proposals were approved concerning a change in the name of Baugur hf. to Baugur Group hf. and changes to the company's organizational structure.

Baugur hf. was divided into three independent profit centres: Baugur-Iceland, Bonus Stores Inc., and Baugur-ID. Baugur hf. changed its name to Baugur Group hf. and became a holding company.

Baugur Group delisted from ICEX

In May 2003, a redemption offer worth 10.85 Icelandic krónur (£0.09) was made by Mundur, for the outstanding stock—Mundur holding company is backed by Gaumur, KB Banki, an Icelandic investment bank; and two private investors—and in July 2003, Baugur Group was delisted from the Iceland Stock Exchange. Króna is the name of the currency used in Iceland . ... ISO 4217 Code GBP User(s) United Kingdom Inflation 2. ... KB Banki, formerly Kaupþing Búnaðarbanki (Kaupthing Agricultural Bank), is one of three major commercial banks in Iceland and the largest bank overall in the country. ... Kauphöll Íslands (also known as the Iceland Stock Exchange or ICEX) was established in 1985 as a joint venture of several banks and brokerage firms on the initiative of the Central Bank. ...

The year 2003 was a milestone in Baugur Group's foreign operations. At the beginning of the year, Baugur Group held shares in a few listed companies in Britain, whereas, at the end of the year, no other Icelandic company had as extensive operations outside of Iceland.

Briefly, it can be said that Baugur Group's investment activities in Britain can be split into two categories. On one hand, Baugur Group continued to invest in listed companies that are regarded to have better futures, either because their current management is in the process of improving the company's operation, or because new shareholders are expected to step in to instigate improvement. Among the companies, which Baugur Group has invested in on these premises are the Big Food Group, House of Fraser, and Somerfield. The Big Food Group is a large company in the UK. It took on its present form in the year 2000 when the supermarket chain Iceland took over Booker Cash & Carry plc. ... House of Fraser is a British department store group with around 60 stores across the country. ... Somerfield is a chain of small to medium-sized supermarkets operating in the United Kingdom. ...

On the other hand, Baugur Group has formed a strategy to take part in management takeovers. These companies control strong brand names and are considered to have substantial opportunities for growth, show a net profit, and management has shown and proven its ability to succeed. During the year 2003, Baugur Group acquired three such companies: Hamleys, Oasis, and Julian Graves. A brand is a collection of images and ideas representing an economic producer; more specifically, it refers to the concrete symbols such as a name, logo, slogan, and design scheme. ... Hamleys in 2004. ... Julian Graves is a chain of health food shops operating in the United Kingdom. ...

In May 2004, Baugur Group, along with other investors, acquired the majority in the British jewellery chain Goldsmiths, in cooperation with the company's management, for the amount of ISK 14.4 billion, Categories: Stub | Jewellery | Smiths ...

Baugur Companies

Hagar

• Bónus supermarket
• Hagkaup supermarket
• 10-11 convenience store
• Útilíf sports shop
• Debenhams department store
• Topshop boutique
• Miss Selfridge boutique
• Dótabúðin toyshop

Baugur

• Stoðir asset management (49.6%)
• Húsasmiðjan home improvement store (45%)
• Tæknival IT company
• SMS supermarket, Faroe Islands
• Kaldbakur investment company (24.76%)
• 365 media corporation (30%)
• Smáralind shopping mall (20%)
• Runs Allianz in Iceland.
• Dagsbrún

Foreign Investments 365 is the biggest private media corporation in Iceland. ... Smáralind is located in the middle of Kópavogur, Iceland. ... Allianz AG, (NYSE: AZ; IPA pronunciation: [alliˈanʦ]) is a large financial service provider headquartered in Munich, Germany. ... Dagsbrún (formerly Og fjarskipti) is a big Icelandic telecommunications and media corporation. ...

• Woolworths Group plc (7%[1]) general merchandise business
• Goldsmiths jeweller
• Julian Graves health food shop
• Big Food Group (Booker Cash & Carry plc and Iceland) cash-and-carry and supermarket.
• Oasis boutique
• Karen Millen boutique
• Hamleys toyshop
• Somerfield supermarket (3%) - take over bid made February 2005, bid withdrawn July 2005
• Coast [2] boutique
• Whistles boutique
• MK One value boutique
• Magasin du Nord department store (83% with Straumur Investment Bank and B2B Holdings)
• Illum department store
• Keops Real estate(30%)
• Merlin Electronic appliances
• Woodward Foodservice caterer
• Shoe Studio Group shoe retailer

// About Woolworths Group plc is a general merchandise business in the United Kingdom. ... Booker is the most prevalent Cash and carry chain in the UK with 170 stores nationwide. ... Hamleys in 2004. ... Somerfield is a chain of small to medium-sized supermarkets operating in the United Kingdom. ...

Goldsmiths jewellery

Goldsmiths, which was established in Newcastle upon Tyne in the year 1778, operates 165 jewellery stores in Britain and is the second largest in the country in its sector. Goldsmiths is the largest retailer of Rolex, Cartier, Omega, Tag Heuer and Gucci in Britain. Goldsmiths was delisted from the stock exchange in 1999 in a management take-over in June 2004. This article is about a city in the United Kingdom. ... Rolex Logo Rolex SA is a Swiss manufacturer of wristwatches and accessories renowned for their quality and exclusivity, as well as their cost (from a few thousand to more than one hundred thousand U.S. dollars). ... hello ... Omega is a watch company based in Biel/Bienne Switzerland and is one of the more prestigious brands in timepieces. ... TAG Heuer (pronounced Tag-ho-yer) is a Swiss watchmaker known for manufacturing high-end sports watches and chronographs for both men and women. ... Gucci, or the House of Gucci, is an Italian fashion and leather goods label. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

Recent acquisitions

In June 2004, the founders of Karen Millen agreed to sell the business to the Oasis Group (controlled by Baugur Group) in a deal valued at £120 million creating a leading womenswear retailer with four strong brands—Oasis, Coast, Karen Millen, and Whistles—with total sales of over £350 million and 550 stores.

Oasis is aimed at independent, fashion conscious 18-30 year old women and operates from 281 outlets across 14 countries including the UK and Ireland; Coast is a destination brand for women's special occasion clothes with 135 outlets; Karen Millen has a niche position away from the mass market, bordering on the designer brands; and Whistles has more-grown-up styling and quirkier taste than the rest of the high street.

On the 14th November 2004, Baugur bought with investment the value boutique MK One with 175 stores in the UK. (Redirected from 14th November) November 14 is the 318th day of the year (319th in leap years) in the Gregorian Calendar, with 47 days remaining. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

Later, the Oasis Group changed it name to Mosaic, listed on the ICEX. Mosaic is the art of decoration with small pieces of colored glass, stone or other material. ...

On the 25th August 2006, the takeover of House of Fraser by Baugur Group was confirmed. Baugur reportedly payed £351m for the company. (Redirected from 25th August) August 25 is the 237th day of the year in the Gregorian Calendar (238th in leap years), with 129 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... House of Fraser is a British department store group with around 60 stores across the country. ... Baugur Group is an Icelandic investment company. ...

Board of directors

From left: Image File history File links Baugur-board-of-directors. ...

• Hans Christian Hustad
• Hreinn Loftsson (Chairman)
• Gudrún Pétursdóttir (Alternate Board Member)
• Kristín Jóhannesdóttir
• Þórður Bogason (Secretary of the Board)
• Ingibjörg S. Pálmadóttir
• Jóhannes Jónsson

Not in the picture: Einar Thór Sverrisson - Alternate Board Member A chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ...

External links

• Baugur's home page (in Icelandic and English)