Icelandic news translated into English

November 12, 2008

Árdegi requests for petition in bankruptcy

Filed under: jobs,Uncategorized — newsfrettir @ 10:14 am
Tags: , , , , , ,

The request from the board of Árdegi hf. about petition in bankruptcy will be reviewed in district court of Reykjavik today. Árdegi was a large unit around stores but serious problems have been in the practice of the company for some time.

The stores of BT were closed in the end of October and at the same time Sena hf. bought Skífan from Árdegi. Skífan runs three stores, in the international airport of Leifur Eiríksson, on Laugarvegur and in Kringlan.

Árdegi also owned Merlin the chain stores in Denmark, which asked for moratorium in the end of October but the stores of Merlin were then sold.

Árdegi also runs the stores NOA NOA and NEXT. Sony Center, that was owned by Árdegi, was sold a little over a year agoo to Link ehf. a company owned by Nýherji.

(Translators note: Skífan sells cd´s, movies, video games, pc games, dvds etc. Sena is a distributor of those items. Laugarvegur is the main shopping street in Reykjavík. Krinlan is the first shopping mall opened in Iceland.)

News Article by noname
Original Article in Icelandic

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