Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Furniture Today
Resource Center graphic
RSS
Reprints/License
Print
Email

DeCoro obtains new financing

Move should help leather furniture producer normalize operations

Furniture Today Staff -- Furniture Today, November 25, 2008

HONG KONG — Leather upholstery producer DeCoro has reached an agreement with China Construction Bank to provide capital for ongoing operations.

DeCoro has been experiencing difficulties due to global business conditions and reduced access to capital, which has impacted production and delivery cycles in recent weeks. The additional capital will remove these constraints and allow normal operations to resume immediately, according to the company.

"We are pleased by the partnership with China Construction Bank and look forward to a good relationship," said President and CEO Luca Ricci. "We had a good market in High Point in October, and this allows us to move forward quickly with our customers on successful new models, especially in the motion category."

Based in Shenzen, China, DeCoro makes Italian-style leather upholstery at two factories that have a total of 2.9 million square feet.

RSS
Reprints/License
Print
Email
Talkback
Reed Business Information Resource Center

Featured Company


Most Recent Resources

Advertisement

Related Microsite Content

Related Links

  • No Related Content Available

More Content
  • Blogs
  • Photos

Michael J. Breus

The Insomnia Blog

Michael J. Breus, Ph.D.
January 25, 2010
Eating Your Way to a Good Night's Sleep
The new year typically brings a fresh batch of health tips and ideas for living...
More

David Perry

Bedding Today

David Perry, Executive Editor
January 22, 2010
Mattress suppliers: We need your intros
Now it’s time to put mattress suppliers in the spotlight. The upcoming Expo...
More

VIEW ALL BLOGS RSS
The Rustique Moderne cocktail tables were on display at the Zentique showroom.

Atlanta International Gift & Home Furnishings Market

Here is a selection of products shown at this month's International Gift & Home Furnishings Market here.
Bill Dominguez, left, AICO; Xiomara Corves, El Dorado Furniture, Miami; Alfredo Lopez, El Dorado Furniture, Miami Gardens, Fla.; and Leyci Rondon, El Dorado Furniture, Plantation, Fla.

Networking at the 13th annual F/T Leadership Conference

NAPLES, Fla. — Industry executives and guests took the opportunity to network and play golf during down time at Furniture/Today's 13th annual Leadership Conference here this month.
VIEW ALL GALLERIES

WMC-Videos_160x160
Advertisement
WMC-Videos_160x160
eNewsletters
Furniture Today eDaily
Furniture Today eClassifieds
Bedding Today
Furniture Today Green
Casual Living eWeekly
Home Accents Today eWeekly
Home Accents Today Product Line
Home Textiles Today Extra
Gifts & Dec Direct
Gifts & Dec Product Wire
Kids Today eWeekly
Playthings Extra



Please read our Privacy Policy

About Us   |   Advertise   |   Site Map   |   Contact Us   |   Subscription   |   Affiliate Links   |   RSS
© 2010 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites