The parent company of architectural luminaire maker Wever & Ducre is petitioning the Belgian commercial court today for protection from its creditors.
Delighted 2B, which also includes the avant garde fittings maker Dark, wants a six-month period in which to turn the company around and avoid bankruptcy.
This afternoon it will seek what’s called a WCO order under Belgium’s Companies Continuity Act to allow it to keep trading until mid-December.
The group operates in some 60 countries but is believed to have run into difficulties in some markets, especially Spain and Italy. No-one at main shareholder KBC Private Equity was available for comment today.
28 October 2011
Energy-saving measures – including lighting controls – could save enough money in an average secondary school to pay for an extra teacher, the Carbon Trust has calculated
05 August 2011
For the third year in a row Architainment will hike 20 miles across London through the night raising money for cancer support charity