Brandt, France’s last major home appliance maker, is liquidated

The French industrial sector has just suffered another shock. The fate of the country’s last manufacturer of large home appliances, which had been owned by Algerian conglomerate Cevital since 2014, of its flagship brands Brandt, Vedette, Sauter and De Dietrich, and of nearly 750 employees had been hanging in the balance of a decision by a commercial court. Since Brandt was placed in receivership on October 1, the prospect of a final shutdown and…