More Perth eateries are set to shut their doors in response to a weakened retail environment, particularly in shopping centres, while blinds retailer Kresta has announced it will close all of its showrooms across the country.
Malaga-based window blinds manufacturer Kresta Holdings has scaled back its executive team with three roles being made redundant, while its chairman has taken a big pay cut.
Window blinds manufacturer and retailer Kresta Holdings has been provided with a CNY50 million ($A10.6 million) loan by its Chinese parent company to pay off an existing facility and expand its east coast manufacturing operations.
Window blinds manufacturer and retailer Kresta Holdings has backed out of its proposed $10 million acquisition of Queensland-based Franklyn Blinds Awnings Security.
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Shares in Kresta Holdings slumped today after its major shareholder, China-based Aplus, announced that it had fallen short of its required 90 per cent threshold for compulsory acquisition.
Window coverings manufacturer and retailer Kresta Holdings has reported a $1.4 million loss for the year ended June 30, down from $1.5 million net profit last year.
Kresta Holdings' major shareholder, China-based Aplus, has outlined plans to acquire the Malaga-based company just six months after buying a large interest in the group.
Kresta Holdings chief executive Jules Di Bartolomeo has left the company following a restructure under which the chairman of one of its major shareholders will be appointed as managing director.
Kresta Holdings has appointed Xianfeng Lu and John Murphy to its board, following the resignation of company directors John Molloy, Peter Abery and Kevin Eley.
Window coverings manufacturer and retailer Kresta Holdings has reported a solid lift in profit for the year ended June 30, with the company's management overhaul and structure review strengthening
Ian Trahar's takeover bid for Kresta Holdings will close tomorrow, unless it receives enough acceptances to take its interest to more than 40 per cent of the window furnishings company.
Kresta Holdings chairman Peter Hatfull and major shareholder and former chairman Ian Trahar have lost their battle to retain control of the Malaga-based window furnishing company.
Ian Trahar has confirmed he will not increase his takeover offer for window coverings manufacturer Kresta Holdings, even though independent analysis of the bid last week found it neither fair nor reasonable.
Ian Trahar's bid for window furnishings group Kresta Holdings has been dealt a severe blow with an independent expert finding the offer neither fair nor reasonable.
IAN Trahar's desire to control window furnishings group Kresta Holdings appears to have become an even tougher task with substantial shareholder Perpetual increasing its stake in the target after reportedly opposing the bid.
The shape of takeover target Kresta Holdings' shareholder register continues to change, with fund manager Perpetual the latest major investor to reveal its activity in the stock over recent months.
Blind maker Kresta Holdings, which today released an interim profit down 63 per cent, has taken legal action in the WA Supreme Court to postpone a meeting called by fund manager Hunter Hall to take control of its board.
Hunter Hall Investment Management says Ian Trahar's bid to take over Kresta Holdings significantly undervalues the business and has rejected suggestions it was seeking to take control of the business by ousting key board members.
Shares in Malaga-based Kresta have recorded a modest drop after the company announced it would need to write down the carrying value of its inventory by up to $6 million.
Shares in national window dressings company Kresta Holdings have soared more than 20 per cent after raising its profit forecast on the back of an improved trading period in the second half of 2009.
Curtains and blinds retailer, Kresta Holdings has posted a profit of $3.7 million, down 14.8 per cent on last year's result, blaming weaker consumer confidence for the fall despite revenue holding nearly steady at $117 million.
Kresta Holdings expects difficult market conditions to continue well into next year as it posts a 57 per cent slump in its half-year net profit to $1.5 million.
Malaga-based homewares supplier Kresta Holdings has announced that its interim profit will be about 50 per cent below its result in the previous corresponding period, as a result of the cost of new stores and the low Australian dollar.
Leading national window coverings company Kresta Holdings Limited is on track to exceed last year's full year financial result after announcing a 45 per cent increase in net profit after tax for the half year.
National window coverings company Kresta Holdings Ltd is planning to accelerate its national growth and is pursuing acquisition and export opportunities following a solid recovery in earnings.
Malaga-based window treatments company Kresta Holdings Ltd will expand its subsidiary, Curtain Wonderland, into Western Australia with a planned 10-store nationwide rollout over the next year, the company has announced.
Western Australian window covering company Kresta Holdings Ltd has agreed terms to the $5 million purchase of Queensland-based Curtain Wonderland group.
