DeCoro Secures Funds For Continuing Operations

Furniture World Magazine

DeCoro announced that it has reached an agreement with China Construction Bank to provide capital for ongoing operations. The company had experienced difficulties due to global business conditions and reduced access to capital, which had impacted production and delivery cycles in recent weeks. The additional capital will remove these constraints and allow normal operations to resume immediately. “We are pleased by the partnership with China Construction Bank and look forward to a good relationship” commented Luca Ricci, President and Chief Executive Officer. “We had a very 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.”