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... For the full story register now for free or login below...