Fagor Electrodomesticos Spain in negotiations to restructure debt

In Industry News On

As part of ongoing negotiations with the Basque government and the Mondragon Corporation (MCC), Fagor Electrodomesticos based in San Andres Spain, has requested protection from its creditors in order to reach an early agreement on the restructuring of its debt in order to normalise the company’s activity.

Fagor Electrodomesticos is part of the Mondragon Corporation and is responsible for the manufacture and sales of Fagor branded white goods in Spain.

De Dietrich Kitchen Appliances UK, which is responsible for De Dietrich, Fagor and private label business operates as a separate legal entity and remains autonomous from these negotiations. The UK business has maintained profitability for the past seven years and this is anticipated to continue.

Richard Walker, sales and marketing director, De Dietrich Kitchen Appliances commented: “Paramount to the UK business is to support our customers and consumers and that is our key priority at this time.”

You may also read!

All Miele dishwashers confirmed to remove more than 99.9% of all viruses

Premium domestic appliance manufacturer, Miele is a leading name in appliance technology and sustainability and now its dishwashers are

Read More...

Haier partners with Bloom & Wild, the flower specialists, on a “beautiful” product promotion

Haier, the world’s number one brand in major appliances, has announced a new promotion in partnership with Bloom &

Read More...

Fresh for 2021: Beko revamps UK website

The UK’s number one bestselling large home appliance brand Beko, has unveiled a refreshed version of its UK website

Read More...

Mobile Sliding Menu

©2020 Innovative Electrical Retailing. Datateam Business Media Limited. All rights reserved.
Registered in England No: 1771113. VAT No: 834 8567 90.
Registered Office: 15a London Road, Maidstone, Kent ME16 8LY
open