CHS Euro divisions file for court protection
Domino effect spills out across the channel
Posted in Business, 27th October 1999 12:40 GMT
Hitachi IT Operations Analyzer: 30-day free trial.
The fall-out from the collapse of CHS Electronics into the hands of the administrative receivers has extended to some of the group's European divisions. German-based CHS Frank & Walter, CHS Germany and CHS Austria have all voluntarily filed for court protection from creditors, according to a statement issued on Reuters last night. The filing buys the European companies 30 days' protection from their creditors, during which time an insolvency administrator will decide what action needs to be taken. It's a far cry from the optimism that surrounded CHS's $37 million acquisition of Frank & Walters back in January 1997. The deal made CHS the biggest name in German distribution, knocking C2000 off the number one spot. Back in the UK, sources close to the scramble to salvage as much of CHS as possible have told The Register they expected to see an end to uncertainty regarding the group's future by the end of this week. ®
Free whitepaper – Blade learning lab and technical community

Enabling The Agile Data Center
Analyst Keynote: The Register Agile Data Center Summit
Analyst Keynote: The Register Agile Data Center Summit

Google Spanner — instamatic redundancy for 10 million servers?
Early adopters bloodied by Ubuntu's Karmic Koala
Fedora 12 polishes Linux for netbooks
Sign up, sign up for The Register IT security newsletter