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.
02 July 2012
Austrian lighting giant Zumtobel saw ‘sound’ growth last year in its luminaires and lighting solutions segment – which includes Thorn – but a downturn in its components business and a big overall fall in profits.
30 August 2011
Arrow Electronics and Zenaro Lighting have signed a distribution agreement for the EMEA region