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.
05 September 2011
Tom Shanks and Paul Shoosmith from Vivid Lighting, along with ten friends, will take on the National 3 Peaks Challenge to raise money for charity
16 April 2012
Public sector green funding body Salix has announced that academy schools are now eligible for interest-free loans to spend on replacing their lighting and other inefficient technologies.