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.
11 June 2012
Anglo-German lighting manufacturer Wila has been awarded its largest-ever contract by an unnamed client in the Middle East.
19 July 2011
Elite Lighting Solutions, the Romford-based supplier of retrofit LED installations, has gone into liquidation along with a number of sister companies in the HSE Group, resulting in the loss of over 100 jobs.