Icelandic firm leads race to buy A-wear

Icelandic company Baugur is favourite to win the race to buy Irish high street retailer Awear, according to retail sources.

17th March, 2007

Icelandic company Baugur is favourite to win the race to buy Irish high street retailer Awear, according to retail sources.

The move would make sense for Baugur because it could roll out the chain in Britain, where it has sizeable investments, and could also open concessions in its House of Fraser department stores. Brown Thomas, which is selling the chain, already owned an A-wear outlet in England.

Mosaic Fashions, in which Baugur has a stake,...

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