TITLE

Sklar seeks protection

AUTHOR(S)
Knell, Michael J.
PUB. DATE
August 2006
SOURCE
Furniture/Today;8/14/2006, Vol. 30 Issue 48, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Sklar Peppler, an upholstery manufacturer and case goods importer, has filed for protection under the Companies' Creditor Arrangement Act of Canada to complete an ongoing restructuring and refinancing initiative. Chairman Bob Tweedy explains that the company was affected by competitive pressures due to the increase in the value of Canadian dollars. He adds that the company has adopted a revised business model that uses offshore sourcing to complete its core domestic capabilities of designing and supplying high quality products.
ACCESSION #
21945253

 

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