ASX-listed Inventis restructures ailing NZ unit after management buyout falls over

Mon, 03 Nov 2014

By Suze Metherell Nov. 3 (BusinessDesk) - Inventis, the ASX-listed furniture and technology company, has restructured its unprofitable New Zealand unit, after talks to sell the business to the local management and another external buyer fell through. Philip Downie will be acting chief executive for the Auckland-based Damba and Gregory Commercial Furniture NZ business, replacing managing director Bruce Roberts who resigned effective Friday, the Sydney-based company said in an announcement to the ASX. Roberts joined Inventis's local unit i...

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