Icelandic Retailer Invests in Linens ‘N Things

New York City, The founder of a leading Iceland houseware retailer, Rumfatalagerinn, has secured a 10% stake in Clifton, N.J.-based Linens ‘N Things, which is exploring strategic options with the help of Credit Suisse First Boston.

Jakup Jacobsen, the founder of Torshavan, Iceland-based Rumfatalagerinn, has acquired 4.5 million shares in Linens ‘N Things for some $114.7 million, according to a regulatory filing.