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Staff at the Danish factories of embattled flatpack furniture maker Tvilum will remain off work for a fortnight, according to the court-appointed lawyer trying to broker a rescue deal.

 

In emailed comments to The Furnishing Report, a spokesman for Horten, hired by the Bankruptcy Court to manage the affairs of the business after it fell insolvent, said they are optimistic a buyer or investor can be found for the company.


Staff in Denmark — though not Poland where its other factory is based — were sent home Friday last week after a combination of changes to Danish export VAT rules and difficulties at an unspecified overseas customer conspired to push the cabinet maker to bankruptcy.


Efforts to find an instant solution last weekend failed, said Ulrik Holsted-Sandgreen, one of two Horten partners handling the hoped-for restructure. At a meeting this week, close to 700 staff were told to stay off work for the next two weeks while a solution is sought.


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