TITLE

Durham to restructure

AUTHOR(S)
Knell, Micheal J.
PUB. DATE
January 2008
SOURCE
Furniture/Today;1/14/2008, Vol. 32 Issue 19, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the move of solid-wood bedroom specialist Durham Furniture to conduct restructuring of its finances and operations in Durham, Ontario. The company needs to undergo such changes because of weak retail environment in the U.S., strong Canadian dollar, and the underutilization of its manufacturing capacity. Further, chief executive officer (CEO) Michael Pitman states such decision serves as the best course of action to cope up with the current economic conditions.
ACCESSION #
28450107

 

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