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Green's Baugur Talks
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FOLLOWING on from last week's Icelandic financial banking disaster,[link widoczny dla zalogowanych], Topshop retail tycoon Sir Philip Green has shown interest in making a deal with Baugur, the Icelandic retail investment company behind Karen Millen and House of Fraser which, as a result of the current economic situation,[link widoczny dla zalogowanych], has seen part of its assets frozen.
According to reports in the papers this weekend,[link widoczny dla zalogowanych], Green flew out to Reykjavik on Friday morning and has since been in talks to discuss buying the company's reported millions of pounds worth of debt.
"I had various meetings with government officials and committees. They were all very constructive in terms of them understanding that we have the capability to do this at speed and to avoid any unnecessary fallout for these businesses in terms of them getting into financial difficulty," Green told The Sunday Telegraph.
It is thought that if Green does buy the debt, though he wouldn't be taking ownership of Baugur's portfolio of stores,[link widoczny dla zalogowanych], he would effectively be taking control of the businesses,[link widoczny dla zalogowanych], making for one of the most powerful tie-ups on the high street - according to The Sunday Times,[link widoczny dla zalogowanych], which reports that?between Baugur and Green they have nearly 6,400 shops and 90,000 staff.
"I don't want any of these businesses to fall over, nor does Jon, nor does Gunnar," (chairman and chief executive of Baugur respectively),[link widoczny dla zalogowanych], Green told this weekend's Financial Times.

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"Anybody can beat anybody,[link widoczny dla zalogowanych]," the coach said.
In addition,[link widoczny dla zalogowanych], Nutt spoke about his franchise's chances against the wounded Tide squad,[link widoczny dla zalogowanych], 'Bama's running agree,[link widoczny dla zalogowanych], coach Nick Saban,[link widoczny dla zalogowanych], and what his franchise looks like now that Jeremiah Masoli is under center. The National Hockey League recently changed its rules so that shootout wins could no longer be included as tiebreakers for playoff berths directing some to think about whether support for the shootout was waning. However just as NHL executives want playoff berths to be decided based on team play; that does not mean they are against having shootouts during regular season games. Only ten percent of games in this year have gone to the shootout which is 5 percent down from last year.
Alex Ovechkin has a abundant list of endorsements because of his rock star status in Russia Federation and stunning performance on the ice for the Washington Capitals. Signing a new deal is nothing out of the ordinary for him. However his new deal is with Gillette his grooming company which is irony because of Ovechkin's often sloppy appearance. The Russian superstar has been lax about his facial hair in the past and even his teammate was confused that Gillette would want to sign a player so carefree about his grooming. Chris Graythen Ovechkin started playing in the Russian Super league with Dynamo Moscow at the age of 16. Making his professional debut in the season 10 years ago in which P. K. Subban scored four points in 21 games. P. K. Subban could spend three seasons there collected 36 goals and 32 assists in 152 career games.
In his weekly remarks to the press before facing the eighth arrangeed Alabama Crimson Tide this coming Saturday,[link widoczny dla zalogowanych], Ole Miss head coach Houston Nutt furiouse comments that might give even the most ardent Rebel fan some break.
Regarding the SEC Western Division crown,[link widoczny dla zalogowanych], Coach Nutt said his franchise can possibly go on to Atlanta to face the East's champion.
"It is all jammed up,[link widoczny dla zalogowanych]," P. K. Subban said,[link widoczny dla zalogowanych], and added,[link widoczny dla zalogowanych], "Anybody can win. Its aggressive. This western side is very,[link widoczny dla zalogowanych], very difficult. We're right in the middle of it."
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