FPA to take charge up to $75M on N.American assets

F&P Appliances to take charge up to $75M against North American assets

Oct. 30 (BusinessWire) – Fisher & Paykel Appliances will take an impairment charge of $70 million to $75 million against its assets in North America, reflecting the impact on trading of the prolonged downturn in demand.

The charge would be taken against the company’s first-half results, it said in a statement. The assets under review include its DCS brand, plant and equipment, inventory and barter credits, it said.

(BusinessWire)

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