|
|
Article: Moulinex Files for Bankruptcy
- Article from:
- AP Online
- Article date:
- September 7, 2001
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
|
ELAINE GANLEY, Associated Press Writer
AP Online
09-07-2001
Moulinex Files for Bankruptcy
PARIS (AP) -- Moulinex SA, the French appliance maker that got its start producing hand-operated mashed potato grinders, filed for bankruptcy Friday and was quickly put into receivership.
Industry overcapacity and fierce competition from overseas suppliers combined with a $731 million debt load led to the filing.
Chairman Patrick Puy will remain in office to manage the company with the receivers, a statement by Moulinex said.
Puy said the debt-ridden company's main shareholder, Italian group Elettro Finanziaria SpA, also known as El.Fi, failed to ``keep its commitments'' for a $312 million rescue ...
Related newspaper, magazine, and journal articles:
|
|
Article: Moulinex survives thanks to court win
The Scotsman;
October 23, 2001 ;
478 words
...FRENCH home appliance maker Moulinex, known in kitchens around the world ... approved Seb's bid, which covers Moulinex's smaller electrical appliance ... some 4,250 jobs as well as the Moulinex brand name. Moulinex's workforce ...
|
|