Baugur files for bankruptcy
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The beleaguered retail investor Baugur has been forced to file for bankruptcy after the moratorium process protecting it from its remaining creditors was not extended by a court in Iceland. Following a board meeting at 5pm yesterday, Baugur threw in the towel, although the implications for the high street retailers, including the Jane Norman fashion chain, in which has stakes is unclear. It said: "The court's ruling is a disappointment to everyone at Baugur."
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments