Icelandic giant Baugur looms large over House of Fraser

By Nicky Burridge

The group said it received an approach, which may or may not lead to a takeover offer. This followed reports over the weekend that the board held an emergency meeting on Friday.

Baugur sent House of Fraser’s shares to an eight-year high last month after buying a 9.48% stake in the company for around £29 million (€41.78 million).