Hamleys owner in "Chapter 11"

The Icelandic owner of Hamleys, the Baugur Group, has applied for bankruptcy protection after struggling with sizeable debts.
Publish date:

Baugur blamed the move on Landsbanki, the Icelandic bank that was nationalised late last year.

It said the move would protect its assets as well as the interests of its creditors.

"The board of the company unanimously resolved to take this action following yesterday's decision by Landsbanki to discontinue discussions regarding a potential restructuring of the group," it said.

Baugur had already taken the decision to axe half its London staff, and close its office in Reykjavik.


Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.