Durham to restructure

Knell, Micheal J.
January 2008
Furniture/Today;1/14/2008, Vol. 32 Issue 19, p1
Trade Publication
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.


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