Embattled Danish flat-pack furniture maker Tvilum has been rescued.
A three-way investor consortium, led by Viking Trading, the parent company of Tvilum rival of Steens plus members of the founding Kristiansen family and Tvilums new CEO, Torben Porscholdt have signed a deal which saves some 500 of the (mostly factory-based) 600 jobs at Tvilum, which was declared insolvent last week.
Viking Trading is the majority shareholder in the business, representing a significant consolidation of Danish cabinet furniture manufacture.
Read the full article at: https://www.furniturenews.net/news/articles/2018/02/157432494-tvilum-rescued-steens-led-group
