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Aga Completes Divestment of Domain Jun 22, 2007 |
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Consumer and commercial appliances maker Aga Foodservice Group completed the sale of its U.S. home fashions business, Domain, to a group of investors. United Kingdom-based Aga sold the business for £3.5 million (approx. US$7.0 million) and received a 15% shareholding in the new entity.
Domain specializes in mid to upscale furniture and has 27 stores on the U.S. east coast. It will remain a retailer of Aga cookers in the U.S. with live displays in 12 stores.