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AUSTRIA: KITCHEN MAKER REGINA GOES BANKRUPT

Article Abstract:

The Austrian Weikersdorf-based kitchen manufacturer Regina Kuchen GmbH has filed for bankruptcy. According to the credit information agency KSV, the company that is owned by the Emesco group of Switzerland has to find a partner or resort to a forced composition. The predecessor, Regina Kuchen AG, underwent a 10% composition in 1994. In 1999 Regina Kuchen GmbH made a balance sheet loss of Sch 28.8mn (Sch 71.2mn in 1998) on a turnover of Sch 375mn. The company employs 235 staff.

Publisher: Unabhaengige Tageszeitungs fuer Oesterreich
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000

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SCANDINAVIA: NOBIA EXPANDS BY ACQUISITIONS

Article Abstract:

Nobia, owned by the fund Industri Kapital, becomes the leading producer of kitchens in Europe through the acquisitions of the Swedish company Poggenpohl and Norwegian Norema. Norema owns the Danish company Invita, and Nobia is also the owner of HTH, the biggest kitchen producer in Denmark. In all, Nobia's turnover in the kitchen field totals DKr 5.5bn (USD 670mn) and the number of employees 5,000.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2000
Asset sales & divestitures, Strategy & planning, Sweden, Scandinavia, Norway, Industri Kapital, Poggenpohl Holding GmbH

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AUSTRIA: RATIONAL TAKES OVER REGINA KUCHEN

Article Abstract:

With effect from 11 May 2000, Rational Einbaukuchen is taking over the Austrian Weikersdorf-based fitted kitchen manufacturer Regina Kuchen GmbH. In February 2000 Regina went bankrupt for the third time in six years. The company owes about 500 creditors Sch 325mn. Rational Einbaukuchen is a subsidiary of the Italian kitchen maker Snaidero.

Publisher: Unabhaengige Tageszeitungs fuer Oesterreich
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
Regina Kuchen GmbH

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Subjects list: Austria, Wood kitchen cabinets, Wood furniture
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