Baugur bosses have been acquitted of all eight remaining fraud charges held against them.
The Icelandic group had to withdraw its bid to takeover Somerfield last year to challenge the 40 counts of fraud made against chief executive Jon Asgeir Johannesson and his co-defendents.
Baugur is making its presence felt on the UK high street with Woolworths and French Connection listed among its recent acquisitions.
