Posted 11th Sep 2017

Former Alno CEO buys Swiss brand from insolvent group

By KBBDaily on 11th September 2017 - 10:32am
Kitchens and Money Matters

Former Alno AG CEO Max Müller – who left his role in May this year – is reportedly behind a new holding company that has acquired Swiss steel kitchen brand Forster Küchen from Bruno Piatti, Alno AG's Swiss subsidiary.

Müller is the chairman of Forster Küchen's new owner, Forster Swiss Home, with former Alno AG CFO Ipek Demirtas – who left the company at the end of last year – also rumoured to be involved in the new holding company, according to German and Swiss press.

Forster Swiss Home will keep the brand's headquarters in Arbon and has taken over its 100 staff. Swiss media also reported that Alno AG's Bruno Piatti subsidiary is currently in trouble, with an alleged backlog of 4,000-6,000 kitchens ordered that it cannot supply.

At the end of last week, Alno Switzerland – which distributes Alno kitchens in the Swiss market – submitted an application for the opening of the provisional suspension of the company due to “imminent insolvency” and over-indebtedness, according to Alno AG.

Alno Switzerland employs 45 staff and operates six stores in the country, namely Zürich, Wallisellen, Meilen, Reinach, Ebikon and Biel. It is also responsible for around 80 retailers in Switzerland, Alno AG said.

Related articles

Dekton named partner of World’s 50 Best Restaurants

Posted today - 15:28pm |

The event is being held in Spain for the first time, in the city of Bilbao, Cosentino said

Homeowners use kitchen for second TV during World Cup

Posted today - 13:26pm |

The survey by Häfele found that homeowners are using their kitchens for much more than cooking and eating Job of the Week: The 1810 Company

Posted today - 11:32am |

The 1810 Company is looking to expand its field sales team with four new business development managers

Phoenix Bathrooms hires two area sales managers

Posted today - 11:31am |

Steve Downes and Mike Moore will cover Gloucestershire, Worcestershire, Herefordshire and South Wales, and the south west, respectively

in the spotlight

Premium Swiss brand KWC brings luxury sinks to the UK

most read

Pimlico Plumbers loses workers' rights battle