ALNO released its official comment on ALNO AG’s application for insolvency this morning, and since then KBSA (the only trade association operating for specifically the KBB industry) have announced its offer of support for both In-toto and ALNO retailers.
ALNO maintains that the insolvency proceeding will not affect the UK subsidiary nor the Pino GmbH sector, and business will continue as usual for these two strands under the ALNO umbrella.
National Chair of The Kitchen Bathroom Bedroom Specialists Association, Richard Hibbert commented, ““We reacted quickly to contact all our members to offer any support and advice they may need. “Whilst Alno has been in a similar situation before with little repercussions in the UK market, it pays to be prepared. Indeed the Kbsa and the management of In-toto UK have already agreed on an amicable separation with their group membership being terminated the end of July 2017.
“All individual In-toto members have been invited to re-apply for Kbsa membership in their own right and a significant number have indicated that they wish to take up our offer. We are committed to ensuring a speedy and efficient sign up so that retailers can offer their customers much needed reassurance during what may be an uncertain time.”KBSA | kbsa.org.uk