Baugur snaps up Jane Norman

By This Is Money
Updated: 10:08 BST, 29 July 2005

?

WOMEN'S High Street fashion 蓄える／店 Jane Norman has been snapped up for £117.4 million, in the 最新の 取引，協定 伴う／関わるing the 取得／買収 hungry Icelandic 投資 group Baugur.

The retailer, which has 95 蓄える／店s and 譲歩 出口s, has been bought by a 国際借款団／連合 featuring Baugur and Kaupthing Bank, also based in アイスランド.

Bauger is growing its presence on the High Street. It already owns Oasis 蓄える／店s, Karen Millen, Coast and Whistles, in 新規加入 to Hamleys and jewellery group Goldsmiths.

Today's 取引，協定 also 伴う／関わるs Jane Norman 長，指導者 (n)役員／(a)執行力のある Saj Shah, who worked with the 現在の owner グラファイト／黒鉛 資本／首都 on a 管理／経営 buyout in 2003.

Since that 取引，協定, Jane Norman has opened 48 出口s and 報告（する）／憶測d sales of £70m and 収入s of £14.3m in the year to March.

Shah said: 'It is now time to move on to a new 段階 and we believe Baugur and Kaupthing are the perfect partners to take this 商売／仕事 今後.'

It is thought that Baugur and Kaupthing will each own around 40% of Jane Norman, with the 残り／休憩（する） in the 手渡すs of the 管理／経営. 計画（する）s for the company's 未来 are likely to 含む overseas 拡大 and more 製品 範囲s.

グラファイト／黒鉛 said it had 達成するd a total return of 2.9 times on its 投資.

The Baugur Group, which also owns アイスランド shop owner Big Food Group, recently pulled out of its 企て，努力，提案 to buy supermarket chain Somerfield after 長，指導者 (n)役員／(a)執行力のある Jon Asgeir Johannesson was 攻撃する，衝突する with 詐欺 告発（する），告訴（する）／料金s.

The Baugur 長，指導者 (n)役員／(a)執行力のある has said he will 持つ／拘留する 支援する from making any major 取引，協定s until he has dealt with the 詐欺 告発（する），告訴（する）／料金s, which he 熱心に 否定するs. He is 予定 in 法廷，裁判所 in アイスランド next month but is 推定する／予想するd before then to make public 詳細（に述べる）s of the 40 告発（する），告訴（する）／料金s which have been made against him and five associates.