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Issad Rebrab takes a hit as Brandt collapses in France
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Issad Rebrab takes a hit as Brandt collapses in France
Brandt, the century-old French appliance maker owned by Algerian conglomerate Cevital, has been ordered into liquidation, ending a decade-long effort by billionaire Issad Rebrab to build a European foothold and wiping out about 700 jobs.A commercial court in Nanterre, outside Paris, ruled Dec. 11 to place Brandt France into judicial liquidation after roughly two months in receivership and a last-ditch search for a buyer. François Bonneau, presid…
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