J Crew files for bankruptcy protection
Image copyright Getty Images Image caption J Crew’s stores are closed because of coronavirus
Fashion firm J Crew has filed for bankruptcy protection, making it the first big US retailer to fall victim to the coronavirus pandemic.
Under the terms of the filing, its main creditors are set to take control of the group in exchange for cancelling debts of $1.65bn (£1.3bn).
They are also providing…
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