PRESS ANNOUNCEMENT


11 August 2014

De Dietrich Kitchen Appliances Limited in liquidation ('the Company')

Peter Whalley and Sandra Mundy of James Cowper LLP, 1 Fetter Lane, London, EC4A 1BR have been appointed joint liquidators of the Company and are dealing with the affairs, business and property of the company. If you have any queries please contact James Cowper LLP on 02380 210 865.


1 August 2014

De Dietrich UK to go into liquidation

De Dietrich Kitchen Appliances Limited, the UK distributor of De Dietrich and Fagor premium kitchen appliances, is to be placed into creditors voluntary liquidation. The Company has been facing an uncertain future since late 2013 when its immediate parent company in France and ultimate parent in Spain, part of the Basque-based Mondragon cooperative, entered administration.

In the spring, the administrators of FagorBrandt sold the French business to Cevital Group. During the negotiations for this sale, the UK management of De Dietrich UK were hopeful that the Company would be part of the Cevital acquisition. In the event, however, Cevital elected not to acquire the UK company - preferring the promotion and distribution of the premium De Dietrich brand and products via commercial partnerships.

The administrator of FagorBrandt (France) has made the decision to close the UK subsidiary; De Dietrich Kitchen Appliances Limited. An announcement about the appointment of a new commercial partner to undertake the distribution of De Dietrich products is expected shortly.

In the meantime, James Cowper LLP have been instructed to assist with placing De Dietrich Kitchen Appliances Limited into creditors voluntary liquidation and accept the appointment as joint liquidators.

Mr Whalley of James Cowper said "Although the announcement about a commercial partner is awaited, we expect that warranties given to customers with De Dietrich appliances will continue. Unfortunately, the warranties on Fagor appliances cannot be honoured in full and those affected by this will need to make claims in the liquidation in due course. We will be publishing further guidance in relation to both De Dietrich and Fagor warranty claimants next week".

Further information can be obtained from James Cowper's London or Southampton offices as follows.

1 Fetter Lane
LONDON
EC4A 1BR

Latimer House
5 Cumberland Place
SOUTHAMPTON
SO15 2BH

Tel: 02380 210 865

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De Dietrich and Fagor Warranty Guidance FAQ