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The hunt for the 'Viking Raiders'

By John Sparks

Updated on 16 October 2008

John Sparks has been to Iceland to find out who's looking to buy and how it all went so wrong for the men known as the "Viking Raiders".

Known as the Viking Raiders, Icelandic entrepreneurs stormed through our high streets in recent years, buying up stakes in some of the best known shops.

But now with their financial system in tatters, the remains of their complex businesses are attracting the attention of rivals, eager to pick up a bargain.

John Sparks has been to Iceland where the trade minister spoke out against the aggressive tactics of leading British retailer Phillip Green who's been in Reykjavik looking for a deal.

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