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

RELATED
Tributes pour in for Jonathan Speirs

Colleagues and friends in the world of lighting have been paying their tributes to lighting designer Jonathan Speirs, who died today.

RELATED
Fagerhult and Greenlux make LED sales and marketing agreement

Fagerhult has agreed to sell and market products from Finnish lighting design firm Greenlux