Iceland One-Time Billionaire Plots U.K. High Street Comeback
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Jon Asgeir Johannesson, the former Icelandic billionaire being sued by the bank that helped fund his expansion into the U.K., is planning to build a new retail “kingdom” there once he emerges from litigation.
“I’m still interested in business and have plans to continue doing business,” Johannesson, 44, said in an interview in Reykjavik. “I’m no longer interested in building any kind of empire again. It interests me more to own a little kingdom and manage it properly. I’m interested in the markets in Britain and the U.S., and the markets that extend from those.”