De Dietrich Kitchen Appliances, the Basingstoke-based 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. An announcement about the appointment of a new commercial partner to undertake the distribution of De Dietrich products is expected shortly.
In the meantime accountancy and business advisory firm James Cowper LLP has been instructed to assist with placing De Dietrich Kitchen Appliances into creditors voluntary liquidation and has accepted the appointment as joint liquidator.
Peter 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.”