La Polar was retail company in Chile.
The company has 43 stores, being 38 in Chile and 5 in Colombia and offers various products, such as clothing, accessories, sporting goods, beauty products, gifts, infant products, electronics, furniture, furnishings, and household products. It also provides a range of services comprising the credit cards, general and life insurance, and extended warranty durable products.
Renegotiated customers' debt without consent On 17 June 2011 Chile's Superintendencia de Valores y Seguros (securities regulator) indefinitely suspended trading in Empresas La Polar SA pending an investigation after La Polar announced it would have to provision an additional $430 million due to irregularities in its store-credit department.Reuters Chile La Polar eyes $890 mln to cover bad credit
References
External links "Llegar y llevar", el escándalo de los almacenes chilenos La Polar in Spanish newspaper El País on 20 June 2011, Retrieved 20 June 2011 in Spanish language