US firm buys Kleeneze from Findel

HOME shopping group Findel has called time on its loss-making home shopping business Kleeneze with the sale to a US firm.

The new owner of Accrington-based Kleeneze is Trillium Pond, which is a subsidiary of CVSL Inc, a New York-listed business specialising in direct to consumer sales. It is paying around £3.6m for the business which had revenues of £45m in the year to March 2014.

For the half-year ended 26 September 2014 Kleeneze reported a loss before tax and exceptional items of £400,000 (2013: profit of... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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