Melrose Suspends Dividends, Cuts Executive Pay

Parent of Many Top CI Brands Steps in to Adjust for Impact of COVID-19 Melrose Industries PLC has announced it will suspend the payment of its usual year-end dividend in the face of the deteriorating economic environment as a result … Continue reading

Nortek Figures Prominently, If Not Always Positively, in Melrose Industries’ 1st Half Fiscal Results

Melrose Industries PLC, a U.K. based investment group that purchased Nortek, Inc. back in 2016, released their fiscal 2019 first half financial results last month (for the period ending June 30, 2019). And while the results showed strong sales growth … Continue reading

Nortek Parent Melrose Reports Higher Margins & Sales

Melrose Industries PLC, an engineering turnaround company that recently acquired Nortek, Inc. (parent company of Core Brands) announced last week that it sees margins improving at Nortek already, even though it only acquired the company just last year. Not only … Continue reading

Look Out Nortek, Here Come the Lawyers

Acquirer Melrose Offers a Peek at Its Plans The ink is barely dry on their agreement to be acquired by Britain’s Melrose Industries PLC, and already Nortek Inc. finds themselves the subject of multiple investigations by several major law firms … Continue reading