NEWS
Troubled Wever & Ducre parent files for creditor protection

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.

ray.molony@archive.luxmagazine.co.uk

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