GENERAL MERCHANDISE NEWS
Baugur backs down on BG Holding’s administration
6 February, 2009 | by Retail Bulletin
Baugur has announced that it will not oppose Landsbanki’s application to put its British operation, BG Holding, into administration.
Baugur said they had also withdrawn the petition for the moratorium, which is a form of creditor protection, of BG Holding at the District Court of Reykjavik.
